Claim: "The average student loan debt in Texas is over $22,000...the cost of an average size pickup truck." But unlike car owners, "students are not allowed to refinance their loans at lower rates."
Fact-check: Average student loan debt in Texas close to price of a pickup truck, though privately taken student loans can be refinanced
Verdict: mostly-true
Organisation: PolitiFact
Author: W. Gardner Selby
Date published: 2014-06-09T00:00:00