College students in Texas who graduated from public universities with a bachelor’s degree had, on average, student loan debts that equaled 74% of what they earned in their first-year wages, according to a new study. The study, which looked at students who started college between 2004 and 2008, also shows that black and Latinx students are predicted to borrow larger amounts of college debt than white students compared to what they’ll make in their first job.
Texas’ strategic goal for students’ debt burden shows potential promise and pitfalls
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