Student Loans in Idaho

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

Average Debt

$29,732

Monthly Payment (Std)

$338

State Tax Deduction

Yes

vs. National Avg

$2,268

Student Loan Overview for Idaho

Idaho borrowers carry an average student loan debt of $29,732, which is near the national average of approximately $32,000. Under the Standard 10-year repayment plan at the current federal interest rate of 6.53%, Idaho graduates would pay $338 per month and a total of $10,828 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. Idaho residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

Idaho Student Loan Forgiveness Programs

Idaho offers the State Loan Repayment Program for healthcare providers in underserved areas.

In addition to state programs, Idaho 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

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

Top Idaho Colleges & Average Debt

Institution	Avg. Graduate Debt
Boise State University	$27,000
University of Idaho	$28,000

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

Frequently Asked Questions

What is the average student loan debt in Idaho?

The average student loan borrower in Idaho graduates with approximately $29,732 in student loan debt. This is near the national average of $32,000.

Does Idaho offer student loan forgiveness?

Idaho offers the State Loan Repayment Program for healthcare providers in underserved areas.

Can I deduct student loan interest on Idaho state taxes?

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

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

Among Idaho institutions, Boise State University has an average graduate debt of $27,000. In-state tuition at public universities is significantly lower than out-of-state rates.

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

Your best plan depends on your income and career. Idaho 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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