Democratic Sen. Steve Fenberg and Democratic Reps. Leslie Herod and Julie McCluskie plan to introduce a bill that would enable the state to repay student loan debt for the first two years after an individual graduates from college in Colorado and stays in Colorado.

As reported in The Denver Post, the concept, known as “get on your feet,” has existed in New York since 2015 and currently includes 2,209 participants.

“Students are graduating with so much debt that it’s, frankly, overwhelming,” Fenberg said, according to The Post. “They don’t have a chance to take a breath and figure out what they want to do. The concept is to give them two years of breathing room to actually be able to pursue the career they want to pursue.”

The budget request from Gov. Jared Polis included $14 million to fund the program for three years and serve approximately 5,300 people.

The state is attempting multiple incentives to graduate more students with college degrees, including an initiative to lower or eliminate the cost of textbooks, and providing those born between 2020 and 2040 with $100 toward a college savings account. An interim legislative committee also signed off on a proposal to award college credit for work experience.

This story has been updated to correct the names of the legislators sponsoring the bill.