When Lily Huynh graduated from the University of Texas in 2019, she left campus with a degree in psychology and about $26,000 in student debt.
Even after working 20 hours a week during part of her time in school and occasionally having sleep for dinner, Huynh said she needed the loans to pay for rent and for expenses such as textbooks.
There’s no way I would have been able to go to college without taking out the loans that I had, Huynh said. Honestly, the only option I could have done to avoid this is to have gone to a different school.
Huynh’s experience is not uncommon. Texas college students had a significant amount of unmet financial need during fiscal 2020, and hundreds of thousands of students have accrued student loans to pay for college, according to a draft report by the Texas Higher Education Coordinating Board. Continue reading ‘Significant’ student debt affects Texas’ minority college students disproportionately