Study: Texas Students Taking On Too Much Student Debt

(Undated) — A new study says students at Texas public universities are taking on more student loan debt than state leaders think of as manageable.

The goal in Texas is for a student’s debt not to exceed 60% of his first-year salary by 2030. The study by Southern Methodist University says Texas students borrow an average of nearly $26,000 versus a starting salary averaging just over $34,000. That amounts to a debt-to-income ratio of about 76%. Add in money borrowed from parents, and the ratio reaches 92%.