Student Loans in Kansas

Student Loan Overview for Kansas

Kansas borrowers carry an average student loan debt of $29,001, 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%, Kansas graduates would pay $330 per month and a total of $10,599 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. Kansas residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

Kansas Student Loan Forgiveness Programs

Kansas offers the State Loan Repayment Program for healthcare providers and the Kansas Teacher Service Scholarship.

In addition to state programs, Kansas 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

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

Top Kansas Colleges & Average Debt

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

Frequently Asked Questions