Hillary Clinton Proposing Plan for College Affordability

Hillary Clinton announced on Monday that she would unveil a plan for over $350 million aimed at making it more affordable for college and reducing the burden of debt students are incurring.

At a New Hampshire town meeting, in a state with the highest average student debt in the nation, Clinton will be proposing the steps to reduce the overall cost of public schools for a four-year degree, making community college of two-years tuition-free and cut the interest rates of student loans, according to aides from her campaign.

The affordability plan, a big plank of her platform, is her effort to address the huge financial stress for a great number of families in the U.S. and stratify a demand of the liberal wing of the Democratic Party.

States that guarantee no-loan tuition at public schools of four years and free tuition at their community colleges will become eligible for federal funds.

However, Clinton does not go as far as certain liberal politicians and Democratic Party activists who have made debt free college a litmus test for the primary field.

Senator Bernie Sanders in May released his plan that would eliminate fees and tuition for all public universities.

The annual proposal of $70 billion would be funded through a tax imposed on transactions by investment houses, hedge funds and other firms on Wall Street.

While lower-income students, military veterans and those completing a national service program, such as Americorps, would go for free in the plan setup by Clinton, others would incur certain costs for schooling and their living expenses at public universities that are four years.

For many of the students it would translate to tuition that is debt free but would depend upon the individual student’s circumstances and what institution they were attended, said one advisor who helped Clinton with the plan.

For the majority of students and their families, they would be expected to make a contribution, said aides of Clinton and students would contribute wages from a special work program of 10 hours per week.

 

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