Background: Student debt is emerging as a bigger problem in Colorado than other states. About 734,000 Colorado borrowers are paying off student loans, totaling $26 billion, a 2019 study found. The amount of student loan debt increased 176% in a 10-year span that ended in 2017.
Supports cutting the federal interest rate on student loans
A: In order to relieve student loan debt, Hickenlooper supports cutting the federal interest rate on student loans to 2.5% or lower, and making community college free for those who can’t afford it. He also suggested allowing millennials to work off their debt through jobs in public service.