52 percent of 2020 Texas college graduates averaged $26,273 in loan debt. But some owe much more.
Nelnet, other student loan websites struggling after Biden cancels some debt, borrowers say
While the loan forgiveness will wipe the slate clean for many college graduates, hefty tuition increases in the last few decades mean that many Texans will still have years of payments ahead. In the Lone Star State, students at Texas Christian University graduate with the highest amount of debt — an average of $49,287. Only one-third of students at the Fort Worth private school carry student loans, though.About 40 percent of undergraduate students at both Texas A&M University and the University of Texas at Austin had student loans in 2019-20, according to institute data.
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