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What to Know: Democratic presidential candidates are pledging to simply erase student loan debt for many Americans.
The TPPF Take: Wiping out student loan debt, even if feasible, would do nothing to solve the real problem—college affordability.
“Texas has already shown how to make college affordable,” says TPPF’s Tom Lindsay. “In February 2011, then-Gov. Rick Perry called on Texas’ public four-year universities to craft affordable bachelor’s degrees, what the governor called, ‘$10,000 degrees.’ The first Texas Affordable Baccalaureate Degree was launched by Texas A&M-Commerce and South Texas College. The new program commenced with seven students and grew to over 300 students and 121 program graduates by 2016.”