State Of California Proposes Debt-Free College. Can It Succeed?

“Lawmakers unveiled plans on Tuesday aiming to eliminate college debt for more than 390,000 students in the University of California and California State University systems. Their plan also calls to reduce costs for the roughly 80,000 students receiving aid to attend the state’s community colleges. The plan has been reported as the most “generous” and “ambitious” from any state; perhaps it will act as a catalyst for what’s become a nationwide problem: As of 2015, seven in 10 college seniors graduating from public and nonprofit colleges in the United States had student loan debt, with an average of $30,100 per borrower, according to the Institute for College Access and Success.”