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Student Loans in Hawaii

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

Average Debt
$25,757
Monthly Payment (Std)
$293
State Tax Deduction
Yes
vs. National Avg
$6,243

Student Loan Overview for Hawaii

Hawaii borrowers carry an average student loan debt of $25,757, which is below the national average of approximately $32,000. Under the Standard 10-year repayment plan at the current federal interest rate of 6.53%, Hawaii graduates would pay $293 per month and a total of $9,403 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. Hawaii residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

Hawaii Student Loan Forgiveness Programs

Hawaii offers the State Loan Repayment Program for primary care providers serving in shortage areas.

In addition to state programs, Hawaii 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

Hawaii 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 Hawaii state income tax returns. This deduction phases out for single filers earning $75,000-$90,000.

Top Hawaii Colleges & Average Debt

InstitutionAvg. Graduate Debt
University of Hawaii at Manoa$24,000
Hawaii Pacific University$30,000

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

Frequently Asked Questions

What is the average student loan debt in Hawaii?

The average student loan borrower in Hawaii graduates with approximately $25,757 in student loan debt. This is below the national average of $32,000.

Does Hawaii offer student loan forgiveness?

Hawaii offers the State Loan Repayment Program for primary care providers serving in shortage areas.

Can I deduct student loan interest on Hawaii state taxes?

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

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

Among Hawaii institutions, University of Hawaii at Manoa has an average graduate debt of $24,000. In-state tuition at public universities is significantly lower than out-of-state rates.

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

Your best plan depends on your income and career. Hawaii 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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