Clinton to unveil costly, detailed plan to tackle student debt

[rangerrebew]

Clinton to unveil costly, detailed plan to tackle student debt

By Anita Kumar

 WASHINGTON  —



Democrat Hillary Clinton will release a proposal Monday that her presidential campaign says will tackle the skyrocketing costs of higher education, ensure students who start college finish with a degree and relieve the burden of student debt.

Clinton’s plan, dubbed the New College Compact, requires buy in from the federal government, states and colleges and universities.



With student debt topping $1.2 trillion and schools raising tuition to make up for cuts in state aid, Clinton’s proposal does not go as far as the progressive wing of her party has called for. Many activists want candidates to embrace debt-free college.

Former Maryland Gov. Martin O’Malley unveiled a proposal a month ago that gives would provide college debt free starting in the next five years in part by calling on states to freeze tuition rates at public colleges and universities and proposing a series of measures that would help those carrying debt. He did not provide a price tag.




Vermont Sen. Bernie Sanders would make four years of public college free by imposing a tax on transactions by hedge funds, investment houses and other Wall Street firms. He estimates that his plan would cost $70 billion a year.

Clinton’s plan calls for incentive grants to states that commit to expand their investments in higher education. She would let borrowers refinance their student loans to save money and lower the interest rates on federal loans. She would support private colleges, including those that focus on minorities, and expand educational benefits for those who serve their country.

She will also endorse President Barack Obama’s proposal for free community college, which costs $60 billion over than 10 years.

In total, the plan will cost about $350 billion over the next decade and would be paid for by limiting certain tax expenditures for high-income taxpayers. The campaign did not release details of those savings.

Read more here: http://www.mcclatchydc.com/news/politics-government/election/article30580551.html#storylink=cpy

[Relic]

This is how you win the youth vote in America. Might even pull in some parents who want to get off the hook for college debt.

[jmyrlefuller]

Of course, the universities, tenured union professors, and construction trades guilds who benefit from the never-ending building projects you will see on almost any campus, all of which are behind the massive runaway rise in tuition, are almost all left off the hook.

Of course Sanders would see Wall Street as his personal piggy bank.

[andy58-in-nh]

"Clinton’s plan, dubbed the New College Compact..."

How perfectly Soviet sounding.
 

"In total, the plan will cost about $350 billion over the next decade and would be paid for by limiting certain tax expenditures for high-income taxpayers. The campaign did not release details of those savings."
(emphasis mine)

Okay. Forget for a moment about the phony B.S. cost guesstimates, although that is a whole lot of money, even in this day and age.
 
Who is it going to "cost"? "High-income taxpayers". Hmmm. I wonder where that line will be drawn, and will it include tens of thousands of small businesses filing under subchapter "S"? You betcha it will.
 
And what, pray tell, is a "tax expenditure"? Why, it's Washington-speak for a deduction or an exemption that a tax filer might otherwise claim, and thus keep more of their own money.
 
Only Washington does not see it as money belonging to the taxpayer, because if you let people keep it, then it's scored as an "expenditure" by government. Get it?
 
And what would those filthy-rich plutocrats do with all of the People's Money, anyway? Why, probably use it to light their fat cigars with, or blow it on a third yacht, or else have money fights in the hall with their personal assistant Smithers. 
 
Or, more likely: use it to help pay for their kids college education directly, without the help of government.
 
And we can't have that, can we?

[Bigun]

FREE ICE CREAM! Get your free ice cream here!

[Fishrrman]

Relic wrote above:
[[ This is how you win the youth vote in America. Might even pull in some parents who want to get off the hook for college debt. ]]

You nailed it with that.
Just as the don said, "make 'em an offer they can't refuse".

What do the Pubbies have to offer the young, compared to this?
And you're particularly on-target regarding -parents- who in many cases have reached into their own pockets to assume that debt.

Shrewd campaign move by o'er-the-Hillary, indeed.

Look at Bernie Sanders pulling those kids in right now.
Drawing by the TENS of thousands, and we're more than a year away from the election yet.

Prediction:
No "conventional" Republican candidate is going to win the youth/millennial vote in 2016.
It's really going to boil down to the question of "just how badly do we lose?" ...

Aside:
I said "conventional" Republican...