States Most Affected by Student Loan Moratorium Ending & Student Loan Moratorium Survey – WalletHub Studies

With federal student loan interest having resumed on September 1 and payments required again starting in October, the personal-finance website WalletHub today released its report on the States Most Impacted by Student Loan Payments Moratorium Ending, as well as expert commentary.

Accompanying this study, WalletHub also released the results of its 2023 Student Loan Moratorium Survey, which uncovered a number of interesting findings that are listed below.

Affected the Most Affected the Least
1. Pennsylvania
2. Mississippi
3. New Hampshire
4. Delaware
5. New Jersey
6. North Carolina
7. Connecticut
8. Wisconsin
9. Kentucky
10. Arkansas
42. Hawaii
43. Nevada
44. Oregon
45. Oklahoma
46. Utah
47. Idaho
48. New Mexico
49. Montana
50. Washington
51. Wyoming

Most Impacted States Key Stats

  • North Dakota has the lowest average student debt per borrower, $29,834, which is 1.8 times lower than in The District of Columbia, which has the highest at $54,863.
  • Utah has the lowest portion of students with student debt, 39.00 percent, which is 1.9 times lower than in South Dakota, the state with the highest at 73.00 percent.
  • Maine has the lowest student default rate, 0.38 percent, which is 5.6 times lower than in Alaska, the state with the highest at 2.12 percent.
  • Montana has the highest share of student loan borrowers eligible for forgiveness, 2.83 percent, which is 2.3 times higher than in Utah, the state with the lowest at 1.23 percent.