(From Forbes.com):

By Thomas K. Lindsay

Can the college student-loan debt crisis get any worse? According to the latest Federal Reserve Bank of New York report, the answer is, “Yes, and it already has.” During the last quarter of 2014, delinquency rates for student loans worsened.  “Although we’ve seen an overall improvement in delinquency rates since the Great Recession, the increasing trend in student loan balances and delinquencies is concerning,” said a Federal Reserve Bank researcher. “Student loan delinquencies and repayment problems appear to be reducing borrowers’ ability to form their own households.”

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. CONTINUE READING HERE