Student Loans in Washington

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

Average Debt

$25,100

Monthly Payment (Std)

$285

State Tax Deduction

vs. National Avg

$6,900

Student Loan Overview for Washington

Washington borrowers carry an average student loan debt of $25,100, 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%, Washington graduates would pay $285 per month and a total of $9,100 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. Washington residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

Washington Student Loan Forgiveness Programs

Washington has no state income tax. The state offers the Health Professional Loan Repayment Program and the Educator Retooling Conditional Scholarship.

In addition to state programs, Washington 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

Washington does not have a state income tax, so there is no state-level student loan interest deduction. However, you can still claim the federal deduction of up to $2,500 on your federal tax return.

Top Washington Colleges & Average Debt

Institution	Avg. Graduate Debt
University of Washington	$22,000
Washington State University	$24,000

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

Frequently Asked Questions

What is the average student loan debt in Washington?

The average student loan borrower in Washington graduates with approximately $25,100 in student loan debt. This is below the national average of $32,000.

Does Washington offer student loan forgiveness?

Washington has no state income tax. The state offers the Health Professional Loan Repayment Program and the Educator Retooling Conditional Scholarship.

Can I deduct student loan interest on Washington state taxes?

Washington does not have a state income tax, so there is no state-level deduction. You can still claim the federal deduction of up to $2,500 on your federal return.

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

Among Washington institutions, University of Washington has an average graduate debt of $22,000. In-state tuition at public universities is significantly lower than out-of-state rates.

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

Your best plan depends on your income and career. Washington 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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