Texas Is Among 19 States With Student Loan Debt Over The Entire State Budget | San Antonio News | San Antonio

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A new study ranks Texas as one of 19 states where residents have student loan debt that is greater than their state’s total budget.

Student loan justice a group advocating for the return of bankruptcy protections for student loans published the study, which compares the most recent data on student loans from the Department of Education with the most recent data on the state budget from the National Association of State Budget Officers.

Interestingly, the majority of states where student debt exceeded state budgets – 13 out of 19 – were states that Donald Trump won in the 2016 election.

Texas, housing around 3.6 million student loan borrowers r10th in terms of student loan debt as a percentage of the state budget. Georgia had the dubious distinction of ranking at the top as its state budget of $ 48.2 billion and $ 81.5 billion in student loan debt gave it the worst percentage.

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STUDENT LOAN COURTESY / JUSTICE

  • Courtesy / Justice of Student Loan

The country has a total student loan debt of about $ 1.6 trillion, with about $ 100 billion in annual interest, according to Student loan justice.

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