In 2010, President Obama effectively nationalized student lending by cutting banks — which had been offering government-backed loans to students — out of the equation and having the government make the loans itself.
As a result, federal student loan debt shot up from $154.9 billion in 2009 to $1.1 trillion by the end of 2017.
A prime sponsor of SB 5074, Sen. David Frockt, D-Seattle, said the new bill provides an extra sense of security to Washington’s undocumented students at a time when federal policy is unsettling.
Two decades after a voter-approved initiative made the practice illegal, legislators are calling for a reversal.
The bill’s prime sponsor, Senator Maralyn Chase, D-Edmonds, and co-sponsors of SB 6406 believe that Initiative 200 had the opposite effect on college admissions and state employment than its intent, which was to level the playing field.