Student Loans in West Virginia

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

Average Debt

$31,500

Monthly Payment (Std)

$358

State Tax Deduction

Yes

vs. National Avg

$500

Student Loan Overview for West Virginia

West Virginia borrowers carry an average student loan debt of $31,500, 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%, West Virginia graduates would pay $358 per month and a total of $11,460 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. West Virginia residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

West Virginia Student Loan Forgiveness Programs

West Virginia offers the Underwood-Smith Teacher Scholarship Program and the State Loan Repayment Program.

In addition to state programs, West Virginia 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

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

Top West Virginia Colleges & Average Debt

Institution	Avg. Graduate Debt
West Virginia University	$29,000
Marshall University	$27,000

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

Frequently Asked Questions

What is the average student loan debt in West Virginia?

The average student loan borrower in West Virginia graduates with approximately $31,500 in student loan debt. This is near the national average of $32,000.

Does West Virginia offer student loan forgiveness?

West Virginia offers the Underwood-Smith Teacher Scholarship Program and the State Loan Repayment Program.

Can I deduct student loan interest on West Virginia state taxes?

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

What are the best colleges in West Virginia for low student debt?

Among West Virginia institutions, West Virginia University has an average graduate debt of $29,000. In-state tuition at public universities is significantly lower than out-of-state rates.

What repayment plan should I use for student loans in West Virginia?

Your best plan depends on your income and career. West Virginia 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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