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Student Loans in Ohio

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

Average Debt
$32,000
Monthly Payment (Std)
$364
State Tax Deduction
Yes
vs. National Avg
$0

Student Loan Overview for Ohio

Ohio borrowers carry an average student loan debt of $32,000, 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%, Ohio graduates would pay $364 per month and a total of $11,680 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. Ohio residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

Ohio Student Loan Forgiveness Programs

Ohio offers the Physician Loan Repayment Program, the Dentist Loan Repayment Program, and the Nurse Education Assistance Loan Program.

In addition to state programs, Ohio 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

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

Top Ohio Colleges & Average Debt

InstitutionAvg. Graduate Debt
Ohio State University$28,000
Case Western Reserve$38,000
University of Cincinnati$27,000

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

Frequently Asked Questions

What is the average student loan debt in Ohio?

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

Does Ohio offer student loan forgiveness?

Ohio offers the Physician Loan Repayment Program, the Dentist Loan Repayment Program, and the Nurse Education Assistance Loan Program.

Can I deduct student loan interest on Ohio state taxes?

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

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

Among Ohio institutions, Ohio State University has an average graduate debt of $28,000. In-state tuition at public universities is significantly lower than out-of-state rates.

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

Your best plan depends on your income and career. Ohio 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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