Vermont Sen. Bernie Sanders, left, is joined by New York Gov. Andrew Cuomo, center, and Chairperson of the Board of Trustees of The City University of New York William C. Thompson, as he speaks during an event at LaGuardia Community College, Tuesday, Jan. 3, 2017, in New York. Gov. Cuomo announced a proposal for free tuition at state colleges to hundreds of thousands of low- and middle income residents. Under the governor's plan, which requires legislative approval, any college student accepted to a New York public university or two-year community college is eligible, provided their family earns less than 125,000. (AP Photo/Mary Altaffer)
Vermont Sen. Bernie Sanders, left, is joined by New York Gov. Andrew Cuomo, center, and Chairperson of the Board of Trustees of The City University of New York William C. Thompson, as he speaks during an event at LaGuardia Community College, Tuesday, Jan. 3, 2017, in New York. Gov. Cuomo announced a proposal for free tuition at state colleges to hundreds of thousands of low- and middle income residents. Under the governor's plan, which requires legislative approval, any college student accepted to a New York public university or two-year community college is eligible, provided their family earns less than 125,000. (AP Photo/Mary Altaffer) Credit: Mary Altaffer

Hundreds of thousands of New York students would be able to attend college for free under a proposal announced by Gov. Andrew Cuomo to make state universities tuition-free for residents earning $125,000 or less.

The Democrat unveiled his plan Tuesday at LaGuardia Community College in Queens alongside U.S. Sen. Bernie Sanders of Vermont. Sanders, who pushed for free tuition at all U.S. public colleges during his Democratic presidential campaign, called Cuomoโ€™s proposal โ€œrevolutionary.โ€

Comparing student loan debt to โ€œstarting a race with an anchor tied to your leg,โ€ Cuomo said his Excelsior Scholarship program, if approved by lawmakers, would apply to full-time students who attend State University of New York or City University of New York colleges, including two-year community colleges.

โ€œIt should be a wake-up call to this nation,โ€ Cuomo said, โ€œto say if you really want to be competitive globally, we have to have the best educated workforce, and that means we have to have college for every child, man or woman who wants to attend.โ€

Concerns about the nationโ€™s collective $1.3 trillion in student loan debt โ€” more than either credit card or auto loan debt โ€” have prompted the federal government, states and some schools to offer debt forgiveness or relief programs. Tennessee and Oregon have enacted programs to cover residentsโ€™ tuition costs at community colleges and some cities have tuition-free programs for eligible students headed to certain colleges.

Under Cuomoโ€™s more expansive plan, an estimated 940,000 New York households with college-aged children would be eligible. The program would be phased in over three years, beginning this fall, with those earning up to $100,000. About 80 percent of all New York households earn less than the $125,000 threshold.

The program would cover tuition costs that remain once other state and federal aid is applied, at an estimated cost of about $163 million per year, Cuomoโ€™s office said.

SUNY and CUNY annual tuition averages about $6,500 for a bachelorโ€™s degree and $4,350-$4,880 for an associateโ€™s degree.

โ€œIf New York state does it this year, mark my words, state after state will follow,โ€ Sanders said.

New York has the nationโ€™s largest public university system, with 440,000 students spread among 64 campuses across the state.

Members of the Assemblyโ€™s Democratic majority have sponsored similar proposals in the past, said spokesman Michael Whyland, who called affordable higher education a priority.

A spokesman for the Republican-controlled state Senate said majority members have long supported expanding eligibility for the stateโ€™s Tuition Assistance Program to help middle-class families.

โ€œWhile we will have to review the specifics when the governor releases his Executive Budget, this proposal appears to move us in a positive direction,โ€ spokesman Scott Reif said.

State higher education leaders said the plan, which also drew praise from U.S. Education Secretary John King Jr., would incentivize both full-time enrollment and college completion.

โ€œGov. Cuomoโ€™s plan will ensure true success for our students while also protecting the stateโ€™s investment in public higher education,โ€ SUNY Chairman H. Carl McCall and Chancellor Nancy Zimpher said in a statement.

New York has the nationโ€™s largest public university system, with 440,000 students spread among 64 campuses across the state.