Texans Believe Student Debt Is A "Major" Issue

Survey shows many in the state believe student loan debt is out of control

Shaun Plum
MoneyTips Contributor

Borrowing Student Loans

Texans Believe Student Debt Is A
September 28, 2016

The results of the WGU Texas Higher Education Poll show that many in the state are struggling with student loan debt. Eight hundred adults took part in the survey, and 78% said they believe student loan debt is a major issue. This is especially true among those who are the first in their family to attend college.

Students across the country are struggling with student loan debt, which has topped $1.3 billion for the first time. Over 41 million college graduates are paying off a federal student loan, and others took out private loans to finance their education.

While many Texans believe student loan debt is out of control, even more believe that a college degree or, at least, a certificate is somewhat or very important. The poll shows that 94% of respondents believe they need some education after graduating high school to be competitive in today's workforce.

Many cities in the state have set up various programs to help students with finding student loan alternatives. These programs include Café College in San Antonio, which helps students with financial aid and other aspects of college. Through this center, and other college preparation programs, students may be able to find grants and scholarships to cover most of their tuition costs.

When it comes to paying for college, though, some students may have no choice but to take out loans.

It's easier to save money for college when your low credit score doesn't make you pay high interest rates. You can check your credit score and read your credit report for free by joining MoneyTips.

Photo ©iStockphoto.com/Darren415

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