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Student Loans in Delaware

Average debt, state-specific forgiveness programs, and repayment strategies for Delaware borrowers in 2026.

Average Debt
$36,554
Monthly Payment (Std)
$416
State Tax Deduction
Yes
vs. National Avg
+$4,554

Student Loan Overview for Delaware

Delaware borrowers carry an average student loan debt of $36,554, which is above the national average of approximately $32,000. Under the Standard 10-year repayment plan at the current federal interest rate of 6.53%, Delaware graduates would pay $416 per month and a total of $13,366 in interest over the life of the loan.

For borrowers seeking lower monthly payments, income-driven repayment plans like SAVE (formerly REPAYE) cap payments at 5-10% of discretionary income. Delaware residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

Delaware Student Loan Forgiveness Programs

Delaware offers the State Loan Repayment Program for primary care providers serving in underserved areas.

In addition to state programs, Delaware borrowers have access to all federal forgiveness programs including PSLF, Teacher Loan Forgiveness ($17,500 for STEM and special education teachers), and income-driven repayment forgiveness after 20-25 years.

State Tax Deduction for Student Loan Interest

Delaware conforms to the federal student loan interest deduction. Borrowers can deduct up to $2,500 in student loan interest paid during the tax year on both their federal and Delaware state income tax returns. This deduction phases out for single filers earning $75,000-$90,000.

Top Delaware Colleges & Average Debt

InstitutionAvg. Graduate Debt
University of Delaware$34,000
Delaware State University$30,000

* Debt figures are approximate averages for graduating students who borrowed.

Frequently Asked Questions

What is the average student loan debt in Delaware?

The average student loan borrower in Delaware graduates with approximately $36,554 in student loan debt. This is above the national average of $32,000.

Does Delaware offer student loan forgiveness?

Delaware offers the State Loan Repayment Program for primary care providers serving in underserved areas.

Can I deduct student loan interest on Delaware state taxes?

Yes, Delaware conforms to the federal student loan interest deduction. You can deduct up to $2,500 in student loan interest paid on your Delaware state income tax return, subject to income limits.

What are the best colleges in Delaware for low student debt?

Among Delaware institutions, University of Delaware has an average graduate debt of $34,000. In-state tuition at public universities is significantly lower than out-of-state rates.

What repayment plan should I use for student loans in Delaware?

Your best plan depends on your income and career. Delaware residents earning under $50,000 should consider the SAVE plan for the lowest payments. Those in public service should pursue PSLF. Higher earners may benefit from the Standard plan or refinancing.

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