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New York ranks 6th for highest student loan payments, study finds
['Staff Report']
Fingerlakes1.com
New data from WalletHub shows that New Yorkers are paying some of the highest student loan bills in the country.
According to the personal finance site’s latest report, the median student loan payment in New York is $229 per month, ranking the state 6th highest nationwide.
The findings come as new federal rules aim to boost college accountability and expand borrower protections.
With average student debt topping $39,000 and interest rates around 6.39%, WalletHub analysts say many borrowers face decades-long repayment timelines without relief.
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