Hillary Clinton Wants To End College Debt With Her $350 Billion Plan
If you're a student looking for a realistic solution to your loan debt and you're also on the fence about your vote for next POTUS, today may be the day you solve one of those quandaries.
On Monday, Hillary Clinton plans to propose the federal government spend a few dollars -- $350 billion over a decade, to be exact -- to soften the economic blow for undergrads and help pay tuition for those attending public colleges.
Clinton advisors broke down the proposal on Sunday, claiming $175 billion in grants would be awarded to states able to attest students would be able to attend four-year public schools loan free.
To hold up their ends of the bargain, states benefiting from the grant money would be expected to ease up on increasing tuition and stop budget cuts in the hopes eventually more funds end up spent on higher education.
With tuition at an unreal high, even students who stay in state for college have been affected as of late, with their tuition costs reportedly rocketing over 40 percent in the past 11 years.
Despite Clinton identifying as a Democrat, education analysts believe her debt solutions have great odds for success across all party lines.
According to Robert Shireman, who aided in the development of this proposal,
There is a lot of bipartisan interest in issues of college affordability, and bipartisan support for Pell Grants, student loans and other federal programs… The compact proposed by Hillary Clinton is a strong starting point for a discussion that zeros in on the issues that are in the public mind and have been raised by leaders in both parties: accountability, outcomes, college costs and manageable loan repayment.
The New York Times reports Clinton's solutions appear to have a greater chance of coming to fruition than those of either Senator Bernie Sanders or former Governor Martin O'Malley, as hers lean less on the shoulders of the government and demand colleges carry some of the burden.