Rochester Voice 5:42 a.m.
Tuesday, October 15, 2024 5:44 am

With the median monthly payment on student loans ranging from $142 to $229, depending on the state, the personal-finance website WalletHub recently released its report on the States With the Highest Student Loan Payments.

Median Student Loan Payment in New Hampshire (1=Most, 25=Avg.):

• Overall rank: 1^st
• $229 - Median Monthly Student Loan Payment per User

To view the full report, please visit:
https://wallethub.com/edu/states-with-the-highest-student-loan-payments/130621


"Monthly student loan payments vary quite a lot across the country. The median student loan payment in Arkansas and Mississippi is just $142 per month, while the median in New Hampshire is $229, an $87 difference. In either case, that leads to extremely long payoff timelines. With the average student loan debt of $38,000 and a fixed interest rate of 6.53%, the rate for federal undergraduate loans, it would require a monthly payment of $284 to pay off everything within 20 years."

- Chip Lupo, WalletHub Analyst