Clinton Unveils Plan to Make College Debt-Free

HIllary CLinton

Today, Hillary Clinton’s campaign unveiled additional details of her plan to reduce the cost of higher education for families and students. Under Clinton’s proposed plan, tuition at in-state public college would be eliminated for families with incomes of less than $125,000 per year. The plan is a combination of her previous plan as well as some key points from her Democratic primary rival Bernie Sanders.

In addition, Clinton’s plan would call for a three-month moratorium on all federal student loan payments. During that time, borrowers could restructure their debt and save money by lowering interest. Full details of Clinton’s plan are available on The Briefing and are outlined below:

  • Provide immediate help to graduates who need relief from crushing debt
    • Refinance their student loans
    • Enroll in income-based repayment
    • Push employers to contribute to student debt relief
    • Get relief from debt for starting a business or social enterprise
    • Reward public service
  • Debt-Free college for our future students
    • Eliminate college tuition for working families
    • Help students deal with all the costs of attending college
  • The New College Compact
    • Colleges and universities will be accountable for reining in costs to provide value to their students; improving completion rates and learning outcomes; and doing more to provide students from disadvantaged backgrounds with the tools they need to reach college and succeed once they get there.
    • Students will be expected to work 10 hours a week to help defray the full cost of attendance. Clinton will push to expand work opportunities that build career skills and introduce students of all backgrounds to public service careers.
    • As part of this New College Compact, Hillary will encourage and reward innovators who design imaginative new ways of providing valuable higher education to students while driving down costs.  And she will crack down on the abusive practices of for-profit colleges that defraud taxpayers while burdening students with debt for educational programs of no value.

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News Source: The Briefing, The New York Times

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