Republicans say Clinton plan would lead to higher college cost

“No student should have to borrow to pay tuition at a public college or university and everyone who has student debt should be able to finance it at lower rates”, said Clinton Monday in Exeter, New Hampshire.

The New York Times explains that states that would guarantee that their students would not have to use loans to cover tuition for public schools would be awarded part of $175 billion in grant money. According to statistics released by the Clinton campaign, from 2004 to 2014, in-state tuition and fees at four-year public colleges rose 42%, counting inflation. The $70 billion annual proposal would be funded by imposing a tax on transactions by hedge funds, investment houses and other Wall Street firms.

It would offer free tuition for two-year courses at community colleges and extend generous subsidies to help students attend four-year courses at public universities with no or minimal loans. Instead, she said, the enormous cost of college needs to be addressed, since it often frightens away talented students.

A Hillary Clinton aide was also mentioned in a CBS report as saying that most students will “be expected to make a “realistic” contribution”, though. The plan would allow them to refinance their student loan balances at lower interest rates, providing on average a savings of $2,000 over a 10 year period. Clinton also wants to make income-based repayment for those who do need to take out student loans the default payment plan.

The total cost of Clinton’s proposals would be $US350 billion over 10 years and would be paid for by capping itemized tax deductions for the wealthy. The Republican-held Congress has made little progress on Barack Obama proposals for free community college, which cost $60bn. “That’s what’s going to happen here again unless they have competition”.

“Unless we act now, more and more students will not be able to afford higher education at all, putting the American Dream even further out of reach”, the former governor said in a statement. “The center of gravity on higher education has shifted from tinkering with interest rates to making college debt free – and Clinton’s bold proposal is emblematic of the rising economic populist tide in American politics”.

China is on a path to double the number of students enrolled in college by 2030, which means they’ll have almost 200 million college graduates, more than the entire US workforce, Hillary said, adding that she believes American workers can outwork and “out-innovate” anybody in the world if given the training and education they deserve. In return, states would have to spend more on higher education and slow the growth of tuition increases.

In almost every campaign stop, Clinton hears from students and families anxious about paying for school. Her team conducted weeks of meetings with experts on the issue to develop the proposal, including policy staffers for liberal leader Sen. Announcing her campaign on Monday, she gave it a title “New College Compact”. Costs would be lower both for those who already have debt, as well as current private college and university students.

Though Clinton’s plan does not go as far as those of other presidential candidates, such as Sen.