But there could be better news on the horizon. The Texas Legislature is currently considering a bill—the “I CAN” Bill (“Incentivizing College Affordability Now”)—that would take statewide a new initiative called the Texas Affordable Baccalaureate Program (TABP), which offers targeted college degrees for far less than what Texas public university students currently pay.
The breakthrough can’t come fast enough for students. According to a recent summary of data compiled by the Texas comptroller’s office, “In 2012, 20.5 percent of . . . [Texas’s] student loan borrowers were more than 90 days delinquent, surpassing the national rate of 17 percent and marking the 10th highest rate in the country.” The comptroller’s report adds, “Particularly worrying is the fact that rising tuition rates are driving an equally steep increase in college loan debt. . . . Many Texas college graduates and former students are entering adult life hobbled by years and even decades of crippling debt.”