The state of Texas has come up with a solution to the high cost of college that I'm hoping will be a model for other states to follow.

Despite what you may have thought of Gov. Rick Perry's presidential aspirations, he was on target with a promise he made in his State of the State address: To allow the state's university system to deliver a standard four-year degree for a total cost of $10,000.

The Texas Tribune  reports that the first degree available for $10,000 is in information technology. Four-year degrees in business administration and organizational leadership are next on tap.

Among the 10 participating Texas colleges are Angelo State University, University of Texas at Arlington, and Texas A&M University-Commerce.

Florida has a different way to get to the same goal. They've converted almost all of their 2-year community colleges to offer 4-year bachelor degree programs. In the process, many of these schools have changed their status from community colleges to state schools.

The question I pose to any head of any state university system is, do you know what's going on with the families that are coming to your school? Right now we are in a time when there is no money to pay for a Rolls Royce degree.

So we need to get our act together. I promise you we are looking down the barrel of a calamity with student loan debt levels as a society and on the individual level with all the horror stories I'm hearing.

For you parents, don't borrow yourself into oblivion to pay for college. Your child can go to a local community college for the first two years and then finish up at a standard four-year school.

And if you as a student are responsible for the bill, don’t over-borrow for four years of college. Your entire school debt for four years shouldn't exceed your likely first year earnings in your desired field of study.