Student loan debt has risen to approximately $1 trillion, surpassing America's credit card debt. In the midst of prolonged economic downturn, the cost of higher education continues to creep upwards. In an effort to mitigate the looming damage of a deflated higher education bubble, Texas Governor, Rick Perry, asked Texas colleges to come up with a way to provide a $10,000 college degree. It's been a year since Governor Perry issued the charge and several colleges have risen to the challenge.