Hil­lary Clin­ton to re­veal plans to help stu­dents re­pay loans

The Pak Banker - - BUSINESS -

Hil­lary Clin­ton will un­veil her plans to ad­dress col­lege af­ford­abil­ity and stu­dent debt in New Hamp­shire next week.

Clin­ton is ex­pected to de­tail these pro­pos­als dur­ing a town hall Mon­day at Ex­eter High School, a public school in Ex­eter, N.H., her cam­paign said. She'll also take ques­tions on the plan dur­ing a town hall dis­cus­sion on Tues­day at River Val­ley Com­mu­nity Col­lege, in Clare­mont, N.H.

Clin­ton is ex­pected to in­tro­duce a plan to in­cen­tivize states to in­vest in higher ed­u­ca­tion through part­ner­ships with the fed­eral gov­ern­ment, Politico re­ported, cit­ing "sev­eral sources." The goal would be to de­crease the share of tu­ition paid for by stu­dents and fam­i­lies. Re­search in­di­cates that state dis­in­vest­ment in higher ed­u­ca­tion over the past sev­eral years has been a ma­jor cause of sky­rock­et­ing tu­ition fees.

Clin­ton's ad­vi­sors also floated the idea of a stu­dent loan bor­row­ers' bill of rights and a risk-shar­ing pro­posal that would dis­ci­pline schools when their stu­dents strug­gle to pay off their loans, ac­cord­ing to Politico. A bi­par- ti­san pair of Sen­a­tors in­tro­duced a sim­i­lar so-called "skin in the game" pro­posal ear­lier this week, which pro­poses ty­ing the progress stu­dents make on re­pay­ing their loans to a school's abil­ity to re­ceive fed­eral fi­nan­cial aid fund­ing.

As 40 mil­lion Amer­i­cans strug­gle with $1.2 tril­lion in stu­dent loan debt, the is­sue has come to the fore­front of the pres­i­den­tial cam­paign. Two of Clin­ton's Demo­cratic chal­lengers, for­mer Gover­nor of Mary­land Martin O'Malley and Sen. Bernie San­ders (DVt.), (I-Vt.) pro­posed plans ear­lier this year that would al­low stu­dents to at­tend col­lege debt- or tu­ition-free. A group of pro­gres­sive or­ga­niz­ers has pushed the idea of "debt-free col­lege" into the Demo­cratic main­stream in re­cent months.

While Repub­li­can pres­i­den­tial can­di­dates have shied away from in­creas­ing fed­eral in­vest­ment in higher ed­u­ca­tion, they've pro­posed plans to in­crease col­lege af­ford­abil­ity, in­clud­ing mak­ing col­lege tu­ition tax-free and en­cour­ag­ing stu­dents to make agree­ments with pri­vate in­vestors who would back their col­lege tu­ition in ex­change for a per­cent­age of their earn­ings for a given pe­riod of time.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.