Everything is bigger in Texas, especially when it comes to student debt. WalletHub recently conducted a study to see which states possess the most student loan debt. Unsurprisingly, Texas ranked ninth, besting (if you can call it that) 41 other states. The Lone Star State may not be the ideal place for graduates many of us hoped it would be when we signed our lives away for a higher education years ago.
It gets worse, my fellow students: Texas ranked 39th in terms of home ownership for residents between the ages of 25 and 34, indicating that graduates are waiting until well into their mid-thirties to take on the expensive challenge of home ownership. With higher levels of student loan debt, Texas graduates seem far less willing to take other financial risks.
In a twist that surprised this writer, California ranked 36th in the study, proving to have much less student loan debt than Texas. The fact that the Spurs just won their fifth NBA Championship combined with the Los Angeles Lakers being a terrible team makes this easier to swallow.
Texans can take joy in not being number one, unlike Utah. Utah possessed the highest amount of student loan debt in the country. At least we can take pride in not having to shovel snow out of our driveways every morning just to go to a job that doesn't pay well, something residents in Wyoming (ranked #2), North Dakota (#3), Nebraska (#5) and Wisconsin (#8) put up with.
How much worse would San Antonio drivers be if they had to put up with both student debt and the amount of rain that Washington (#6) gets hammered with? Why even get out of bed in the morning? Well, we'd still have breakfast tacos and that's definitely something worth living for.
For more information on this study visit Wallethub.com to see where all 50 states were ranked.