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 | |||||||||||
|
42. Hawaii | |||||||||||
| 43. Nevada | ||||||||||||
| 44. Oregon | ||||||||||||
| 45. Oklahoma | ||||||||||||
| 46. Utah | ||||||||||||
| 47. Idaho | ||||||||||||
| 48. New Mexico | ||||||||||||
| 49. Montana | ||||||||||||
| 50. Washington 51. Wyoming |
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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.
