Assistant Professor Dominique Baker released a study in 2019 on student loan debt in Texas, looking at how undergraduate students are managing their debts after leaving college. She examined student characteristics for the debt-to-income ratio of those who attended public four-year institutions.
“What I generally found is these facets of students’ characteristics, including their race and their gender, can predict whether or not these students have high debt-to-income ratios,” says Baker. Her study also shows that black and Hispanic students borrow more than white peers, but Asian-American students borrow less.
For more on the issue, read the Texas Comptroller article, and SMU Research.