🎓 Texas Student Loan Repayment Calculator
Calculate your student loan payments with Texas-specific data. Average student debt in Texas: $28,240.
🏛️ Texas Student Loan Forgiveness Programs
Texas Physician Education Loan Repayment Program (PELRP) & TEACH Grant.
- Federal PSLF: Work for a qualifying Texas government or nonprofit employer for 10 years → remaining balance forgiven (tax-free)
- Income-Driven Forgiveness: After 20-25 years of IDR payments, remaining balance forgiven
- Teacher Loan Forgiveness: Up to $17,500 forgiven after 5 years teaching in low-income Texas schools
- State Programs: Texas Physician Education Loan Repayment Program (PELRP) & TEACH Grant
📋 Student Loans in Texas: What You Need to Know
How much student debt does the average Texas graduate have?
The average student loan debt for Texas graduates is approximately $28,240, which is near the national average of ~$29,400. With an average starting salary of $50,490 and a cost of living index of 92%, Texas graduates benefit from lower living costs that can help accelerate repayment.
What repayment plan is best for Texas graduates?
For most Texas graduates, the standard 10-year plan offers the best balance of manageable payments and minimized interest. Use the calculator above to compare all options with your specific numbers.
Can I get my student loans forgiven in Texas?
Yes! Besides federal programs (PSLF, Teacher Forgiveness), Texas offers state-specific programs: Texas Physician Education Loan Repayment Program (PELRP) & TEACH Grant. Check eligibility requirements as they vary by profession and location within the state.
How does Texas's cost of living affect repayment?
Texas's cost of living index is 92% of the national average. This moderate cost of living means standard repayment is usually manageable for most graduates.