Hillary Clinton to Offer Plan on Paying College Tuition Without Needing Loans
I like Hillary's plan. Her plan offers aid to people who are already struggling with repaying student loans, parent with children in college and millenials, who are just starting college. Plus...Her plan is sure to garner a large amount of bi-partisan support. Republicans struggle with student loans and rising tuition, too.
Ney York Times
By PATRICK HEALY
AUG. 10, 2015
Under the plan, which was outlined by Clinton advisers on Sunday, about $175 billion in grants would go to states that guarantee that students would not have to take out loans to cover tuition at four-year public colleges and universities. In return for the money, states would have to end budget cuts to increase spending over time on higher education, while also working to slow the growth of tuition, though the plan does not require states to cap it.
Mrs. Clinton would pay for the plan by capping the value of itemized deductions that wealthy families can take on their tax returns. The tax and spending elements of her proposal would need support from Congress — a tall order, since it is now run by Republicans — while the plan’s goals would depend on support from state governors and legislators, more and more of whom have been Republicans recently....
But some education analysts said they believed her debt relief ideas would have a chance in a Republican-led House and Senate because anxieties about high tuition cross party lines.
“There is a lot of bipartisan interest in issues of college affordability, and bipartisan support for Pell Grants, student loans and other federal programs,” said Robert Shireman, who advised President Obama and President Bill Clinton on education issues, and who offered input on the plan to the Clinton campaign. “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.”
http://www.nytimes.com/2015/08/10/us/politics/hillary-clinton-to-offer-plan-on-paying-college-tuition-without-needing-loans.html?_r=0
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