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Student Loans in Wisconsin

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

Average Debt
$31,800
Monthly Payment (Std)
$362
State Tax Deduction
Yes
vs. National Avg
$200

Student Loan Overview for Wisconsin

Wisconsin borrowers carry an average student loan debt of $31,800, 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%, Wisconsin graduates would pay $362 per month and a total of $11,640 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. Wisconsin residents working in public service should explore PSLF for potential forgiveness after 10 years of qualifying payments.

Wisconsin Student Loan Forgiveness Programs

Wisconsin offers the Health Professions Loan Assistance Program and the Minority Teacher Loan Program.

In addition to state programs, Wisconsin 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

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

Top Wisconsin Colleges & Average Debt

InstitutionAvg. Graduate Debt
University of Wisconsin-Madison$28,000
Marquette University$35,000

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

Frequently Asked Questions

What is the average student loan debt in Wisconsin?

The average student loan borrower in Wisconsin graduates with approximately $31,800 in student loan debt. This is near the national average of $32,000.

Does Wisconsin offer student loan forgiveness?

Wisconsin offers the Health Professions Loan Assistance Program and the Minority Teacher Loan Program.

Can I deduct student loan interest on Wisconsin state taxes?

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

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

Among Wisconsin institutions, University of Wisconsin-Madison 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 Wisconsin?

Your best plan depends on your income and career. Wisconsin 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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