{"id":11190,"date":"2025-10-21T20:43:20","date_gmt":"2025-10-21T20:43:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/11190\/"},"modified":"2025-10-21T20:43:20","modified_gmt":"2025-10-21T20:43:20","slug":"ny-nj-rank-among-states-with-highest-student-loan-payments-study","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/11190\/","title":{"rendered":"NY, NJ rank among states with highest student loan payments: Study"},"content":{"rendered":"

NEW YORK (PIX11) \u2014 Even with a student loan payment forgiveness plan<\/a> put into place by New York City over the summer, the state still finds itself near the top of the list for the highest monthly dollar amount.<\/p>\n

A study recently conducted by WalletHub<\/a> shows that both New York and New Jersey graduates pay more than the vast majority of borrowers in the country on average.<\/p>\n

More Local News <\/a><\/p>\n

In the U.S., roughly 42 million people owe $1.67 trillion in student loans. This reality has the Trump administration exploring different options to manage it, including selling off the federal government\u2019s student debt portfolio to private companies<\/a>.<\/p>\n

Loan payments range by over $100 depending on where borrowers live, according to WalletHub. Vermont ranks No. 1 in the country with a median student loan payment of $248, compared to Mississippi\u2019s $142 median, the lowest number in the U.S.<\/p>\n

As for New York and New Jersey, the states are ranked sixth and fifth, respectively. New York\u2019s median number sits at $229 per month, the study shows. New Jersey\u2019s number is just $6 more at $235, which is right behind New Hampshire and Maryland\u2019s median of $240.<\/p>\n

WalletHub used its latest consumer data to determine the median number per user by state, which created the ranking.<\/p>\n

For more information, click here<\/a>.<\/p>\n

Spencer Gustafson is a digital content producer from Long Island who has covered New York state and city news since 2023. See more of his work here<\/a>.<\/p>\n

Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n

For the latest news, weather, sports, and streaming video, head to PIX11. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (PIX11) \u2014 Even with a student loan payment forgiveness plan put into place by New York…\n","protected":false},"author":2,"featured_media":11191,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[9054,9,11,10,49,51,50,9053,9052],"class_list":["post-11190","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-median-number","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-new-york-state","tag-new-york-state-headlines","tag-new-york-state-news","tag-student-loan","tag-wallethub"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/11190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=11190"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/11190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/11191"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=11190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=11190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=11190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}