2. New Mexico
Average Student Loan Balance: $18,969
Ratio of Student Payments to Disposable Income: 12.22%
Where student loans are low in Wyoming, they’re even lower in New Mexico, the number two on our list of easiest US states to pay off student loan debt. Average student loan balances for graduates from the Land of Enchantment are over $17,000 lower than what most graduates exit college with. Add to that equation affordable living costs and floor-level state income taxes, and you’ve got a perfect storm for paying off student loan debt.
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