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FAST TRACK DEBT RELIEF ADVICE BLOG
JUN 19, 2015, FRIDAY
Student-loan-debt-relief Can You Avoid Student Loan Debt with a Free College Education?

More than almost any other issue today, needing student loan debt relief is a crisis facing Americans from all walks of life. It’s becoming an increasingly large problem that’s next to impossible to deal with, and legislators from almost every state are searching for ways to tackle the problem. Two Arizona Democrats have come up with what they believe to be the perfect solution – a guarantee of debt free college to all high school graduates in the state.

How Does It Work?

Sound too good to be true? It’s not quite as far-fetched as you might imagine. Major senators throughout the states are getting on the bandwagon with this proposal, including Elizabeth Warren and Chuck Schumer. The plan, though, doesn’t have as many details as some would like. Supporters have said it would be funded by taxing wealthy individuals and corporations at a higher rate. Students would have access to more Pell Grants, and public universities would have more funding handed to them to help make college more affordable for everyone.

Will It Pass?

As much as this legislation is growing in popularity, the chances that it might pass are slim. With a Republican controlled Congress, there is much concern that an idea like this one just won’t work. That’s not to say, though, that there aren’t lots of other plans floating around out there. Options like shortening the number of classes students need to graduate, offering free community college, and others are all floating around and are certain to become part of the next presidential race.

The further problem with this plan is that Arizona is one of only a few states that has repeatedly slashed education funding at every level, and tuition fees across the board have nearly doubled in just the last decade.

With studies indicating that 60 percent of undergraduates leave Arizona’s universities with student loan debt, even if this bill doesn’t pass, this issue is certain to remain a priority in the near future.

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