How much are New Yorkers paying in monthly student loans?

New Yorkers are spending more money on monthly student loan payments than residents of nearly any other state, according to a new study.
Wallethub, an online financial advisory site, recently released its study of States with the Highest Student Loan Payments, with New York ranking among the top 10 states in the nation.
“Monthly student loan payments vary quite a lot across the country. The median student loan payment in Mississippi is just $142 per month, while the median in Vermont is $248, a $106 difference. In either case, that leads to extremely long payoff timelines,” said Wallethub analyst Chip Lupo.
“With the average student loan debt of over $39,000 and a fixed interest rate of 6.39%, the rate for federal undergraduate loans, it would require a monthly payment of around $288 to pay off everything within 20 years,