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.
Measures the percent of the Texas population with a postsecondary credential and counts each individual once, including:
- Those who migrate into Texas with credentials
- Those who receive credentials in-state
Focuses on 25- to 34-year-old residents
Includes credentials earned over multiple years
Includes professional and doctoral degrees
Focuses on the percentage of credentials needed to remain globally competitive
Measures the number of credentials Texas institutions of higher education produce each year
Targets all higher education students
Identifies the number of credentials needed to reach this goal by ethnicity, gender, and economic disadvantage
Strengthens the Educated Population goal by increasing the number of educated Texans who contribute to the state’s workforce
Includes interpersonal, cognitive, and applied skill areas that are valued by employers, and are primary or complementary to a major
College Readiness Handbook is designed to help students develop a career path and consider their future employment possibilities as they move through postsecondary education.
Help students identify their marketable skills and communicate them to employers
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