1. Utah
Average Student Loan Balance: $18,921
Ratio of Student Payments to Disposable Income: 10.89%
Much like a debate between two cut-throat politicians, just when you thought that average student loan balances couldn’t go any lower, you encounter Utah, the first one on the list of easiest US states to pay off student loan debt. At 10.89% Utah’s ratio of student debt to disposable income comes closest to the 10 percent threshold established by the federal government. A lot of this is due to the affordable in-state tuition (currently fourth-cheapest in the country) that residents enjoy. On the other hand it reflects a fiscally conservative culture that is rampant in the state. Both the percentage of Utah graduates with student debt and the amounts borrowed by Utah graduates, just under $19,000 on average are the lowest in the nation. Whatever it is, if you’re looking for the crème de la crème among the easiest U.S. states to pay off student loan debt, look no further than Utah.
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