Just buying the youth vote.
Isn't she clever?
SOME DETAILS OF HER PLAN:
* Those currently repaying loans would be able to refinance their outstanding debt at lower rates, a change Clinton’s aides say will save an average of $2,000 for 25 million borrowers over the life of the loan — an amount that equal to just about $17 month over a ten year repayment period.
* Expand income-based repayment programs, allowing every student borrower to enroll in a plan that would cap their payments at 10 percent of their income with remaining debt forgiven after 20 years.
* Private universities with “modest endowments” that serve a higher percentage of low-income students, including historically black colleges, would also receive federal funds to help lower the costs of attendance and improve graduation rates.
* The cost of Clinton’s plan would be offset by capping itemized tax deductions for wealthy families at 28 percent, like those taken by high-income taxpayers for charitable contributions and mortgage interest. That proposal, which has long been included in President Barack Obama’s annual budget, would raise more than $600 billion in the next decade, according to the Treasury Department.
Here’s a better plan to lower student loan debt:
1) Pick a university that is affordable.
2) Save money by living at home and commuting to school.
3) Work your way through college.
4) Keep borrowing to a minimum.
I know. I did it.
A mere $350 Billion bribe to students is not too much of Other People’s Money to get them to vote for Hillary.
I just felt a pang in my wallet, like a disturbance in The Force.
Would like Trump to weigh in on this.
When does this craziness stop?
I am old enough to remember when $350 Billion was the entire defense budget
I already know how to go to college for free:
1. Serve in the military.
2. Qualify for an honorable discharge.
3. Attend a college that accepts the GI Bill.
Hmmm, only about another $2,600 per (actual) taxpayer in new Federal debt, naturally with nearly all of that being paid by the top 20% of taxpayers, you know, those evil “rich ones”. I’m sure they can afford another paltry $13,000 in additional taxes. That’s actually pretty cheap to buy the 40,000,000 votes of those with student loans,namely about $8,800 per vote. Especially since not one cent is Hillary’s money.
At least for a few months until the tax accountants of the wealthiest Americans figure out tax shelters to avoid paying the $350 million over 10 years, and then it will be the few remaining middle class taxpayers who will take it in the shorts.
If there were justice served in U.S. courts, HiLIARy would have finished up being maggot food in ten years.
Note this is announced the same day Bernie Sanders announces his plan for free college. They are likely spying on each other in the inner circles of their campaigns.
Rather than students (the beneficiaries) borrowing directly, she want the taxpayers to borrow the money!
My pocketbook is already hurting
Hmm. I keep hearing we “can’t afford” to deport the “11 million” illegals, yet we can come up with $350,000,000,000 for this.
I was going to say that if we use this magic $350,000,000,000 to deport instead, that would be over $31,000 per illegal which would be way more than necessary, but then I realized it would be run by the government.
so the poor (non college educated) subsidize the rich (college educated)..where’s robin hood?
Trying to out Bernie Bernie Sanders? Everybody gets a free college education, no tuitions nor fees. Let’s turn higher education into another gubmint institution.
Most college professors and administrators are out and out leftists, they should enthusiastically support this, no?