Texas follows the national trend with Hispanics less likely to graduate from public and private universities compared to whites.
The study by the nonprofit American Enterprise Institute for Public Policy Research used data from six-year graduation rates from the National Center for Education Statistics.
The study found that 51 percent of Hispanics who started college earned a bachelor's degree within six years, compared to 59 percent of whites.
The Texas figures indicate 40 percent of Hispanics graduated within six years, compared with 45 percent for whites.
The report found that many Hispanics dropped out because of financial challenges, such as students less likely aware of loan and scholarship assistance.
The study recommends that institutions focus on improved retention and completion efforts for all students, plus offering better financial information.