The intent of the student debt goal is to increase access and persistence, expand students’ options for careers after graduation, and advance other life choices. Helping students complete credentials and balance debt load will help the state achieve the 60x30TX goals and will lead to healthier individual finances among graduates and a stronger state economy.
To ensure improvement throughout the plan years, Texas set statewide benchmarks of 60 percent for 2020, 2025 and 2030, holding debt to the 2012 average. These benchmarks ensure student loan debt levels stay in balance with the earning potential of credentials.
Three groups directly influence affordability: Students, two- and four-year institutions, and the state
Finance higher education to provide balance among appropriations, tuition and fees, and financial aid
Implement student financial literacy programs
Fund grants for eligible students
Reduce time to degree through alternative degree pathways