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Student Loans in Louisiana

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

Average Debt
$27,151
Monthly Payment (Std)
$309
State Tax Deduction
Yes
vs. National Avg
$4,849

Student Loan Overview for Louisiana

Louisiana borrowers carry an average student loan debt of $27,151, 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%, Louisiana graduates would pay $309 per month and a total of $9,929 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. Louisiana residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

Louisiana Student Loan Forgiveness Programs

Louisiana offers TOPS scholarships and the State Loan Repayment Program for healthcare providers.

In addition to state programs, Louisiana 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

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

Top Louisiana Colleges & Average Debt

InstitutionAvg. Graduate Debt
LSU$25,000
Tulane University$40,000

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

Frequently Asked Questions

What is the average student loan debt in Louisiana?

The average student loan borrower in Louisiana graduates with approximately $27,151 in student loan debt. This is below the national average of $32,000.

Does Louisiana offer student loan forgiveness?

Louisiana offers TOPS scholarships and the State Loan Repayment Program for healthcare providers.

Can I deduct student loan interest on Louisiana state taxes?

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

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

Among Louisiana institutions, LSU has an average graduate debt of $25,000. In-state tuition at public universities is significantly lower than out-of-state rates.

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

Your best plan depends on your income and career. Louisiana 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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