Spartans, Wolverines, Chippewas, Broncos, Hurons...listen up.

It's a proposal that critics are calling "Mandatory Wage Garnishment". And if you have a student loan, this could soon be your reality if it is passed. And before you get angry, there is an out for you if it does go through.

Senator Lamar Alexander, R-Tennessee, suggests loan payments should be automatically taken out of income, like taxes are. (WILX)

It would only affect 10% of your discretionary income.

If you lose your job or do not make enough money, you would not pay anything and it would not affect your credit score.

And there are options. If the borrower does not like that plan, they can opt for the existing 10-year loan repayment plan schedule.

Now while some are saying it seems like "mandatory wage garnishment", others are saying it's more like automatic bill pay. And you can opt out. So that removes the mandatory part from the argument. You do have options.

And like most bill collectors say, this is an attempt to collect a debt.

Average debt at graduation is currently around $30,000, up from $10,000 in the early 1990s. The country's outstanding student loan balance is projected to swell to $2 trillion by 2022. (Credit/Source: WILX)