Student Loan Refinancing in New York — 2024 Guide
Quick Takeaway: The average student loan debt in New York is approximately $39,352, while the median household income is $74,314. New York borrowers can refinance and potentially save thousands over the life of their loans.
New York Financial Snapshot
| Metric | Value |
|---|---|
| State | New York (NY) |
| Median Household Income | $74,314 |
| Average Student Debt | $39,352 |
| Average Medical Debt | $1,200 |
| Eligible Specialties | Dentistry, Pediatrics, Pharmacy, Law |
Why Refinance Student Loans in New York?
With an average student loan balance of $39,352, New York graduates carry significant education debt. Refinancing allows borrowers to consolidate multiple loans into a single payment, often at a lower interest rate. Given the state's median household income of $74,314, reducing monthly loan payments through refinancing can meaningfully improve cash flow and accelerate debt payoff timelines. Professionals in Dentistry, Pediatrics, Pharmacy, Law may qualify for specialized refinancing programs with additional benefits such as flexible deferment options.
Refinance Your Loans
Explore competitive refinancing rates for New York borrowers. Lower your monthly payment or lock in a better rate.
Check Your Refinance Rate →Refinancing in Other States
Alabama
Avg. student debt: $36,137 · Median income: $54,943 →
Alaska
Avg. student debt: $31,250 · Median income: $80,287 →
Arizona
Avg. student debt: $34,700 · Median income: $65,486 →
Arkansas
Avg. student debt: $33,100 · Median income: $52,123 →
California
Avg. student debt: $37,084 · Median income: $84,097 →
Colorado
Avg. student debt: $36,600 · Median income: $80,184 →
Connecticut
Avg. student debt: $35,800 · Median income: $83,572 →
Delaware
Avg. student debt: $36,900 · Median income: $72,558 →
District of Columbia
Avg. student debt: $54,900 · Median income: $90,888 →
Florida
Avg. student debt: $38,459 · Median income: $61,777 →
Georgia
Avg. student debt: $41,600 · Median income: $65,030 →
Hawaii
Avg. student debt: $25,600 · Median income: $83,173 →
Idaho
Avg. student debt: $32,400 · Median income: $63,377 →
Illinois
Avg. student debt: $37,800 · Median income: $72,563 →
Indiana
Avg. student debt: $32,800 · Median income: $61,944 →
Iowa
Avg. student debt: $30,500 · Median income: $65,429 →
Kansas
Avg. student debt: $32,900 · Median income: $64,521 →
Kentucky
Avg. student debt: $33,200 · Median income: $55,454 →
Louisiana
Avg. student debt: $38,100 · Median income: $53,571 →
Maine
Avg. student debt: $33,500 · Median income: $63,182 →
Maryland
Avg. student debt: $42,800 · Median income: $91,431 →
Massachusetts
Avg. student debt: $34,200 · Median income: $89,026 →
Michigan
Avg. student debt: $36,100 · Median income: $63,202 →
Minnesota
Avg. student debt: $32,100 · Median income: $77,706 →
Mississippi
Avg. student debt: $36,700 · Median income: $49,111 →
Missouri
Avg. student debt: $35,400 · Median income: $61,043 →
Montana
Avg. student debt: $31,400 · Median income: $60,560 →
Nebraska
Avg. student debt: $31,100 · Median income: $66,644 →
Nevada
Avg. student debt: $33,800 · Median income: $65,686 →
New Hampshire
Avg. student debt: $39,900 · Median income: $83,449 →
New Jersey
Avg. student debt: $35,600 · Median income: $89,703 →
New Mexico
Avg. student debt: $34,100 · Median income: $54,020 →
North Carolina
Avg. student debt: $37,700 · Median income: $60,516 →
North Dakota
Avg. student debt: $28,900 · Median income: $68,131 →
Ohio
Avg. student debt: $34,900 · Median income: $61,938 →
Oklahoma
Avg. student debt: $31,500 · Median income: $56,956 →
Oregon
Avg. student debt: $36,200 · Median income: $70,084 →
Pennsylvania
Avg. student debt: $39,400 · Median income: $67,854 →
Rhode Island
Avg. student debt: $36,700 · Median income: $74,489 →
South Carolina
Avg. student debt: $38,200 · Median income: $58,234 →
South Dakota
Avg. student debt: $30,800 · Median income: $63,920 →
Tennessee
Avg. student debt: $36,800 · Median income: $58,516 →
Texas
Avg. student debt: $32,920 · Median income: $67,321 →
Utah
Avg. student debt: $31,900 · Median income: $79,133 →
Vermont
Avg. student debt: $37,200 · Median income: $67,674 →
Virginia
Avg. student debt: $39,100 · Median income: $80,615 →
Washington
Avg. student debt: $34,800 · Median income: $82,400 →
West Virginia
Avg. student debt: $32,100 · Median income: $48,037 →
Wisconsin
Avg. student debt: $31,800 · Median income: $67,080 →
Wyoming
Avg. student debt: $29,800 · Median income: $68,002 →
