5. Colorado
Average Student Loan Balance: $25,064
Ratio of Student Payments to disposable income:13.86%
When it comes to Colorado’s affordability, the difference is in the higher wages. With an annual income nearly $2,000 higher than the national average ($49,630), state residents are able to take advantage of a slightly cheaper than average cost of living and pocket the difference in annual wages to the tune of nearly $200 a month. That goes a long way toward meeting monthly student loan payments whose national median is roughly the same amount. No wonder it’s on our list of easiest US states to pay off student loan debt, right?
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