Hillary Clinton to Offer Plan on Paying College Tuition Without Needing Loans
With Americans shouldering $1.2 trillion in student loan debt, and about eight million of them in default, Hillary Rodham Clinton on Monday will propose major new spending by the federal government that would help undergraduates pay tuition at public colleges without needing loans.
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The Clinton proposals might fare better than those offered by her two main opponents for the Democratic nomination, Senator Bernie Sanders of Vermont and former Gov. Martin O’Malley of Maryland, because unlike them, she is not relying mostly on the government to deal with student debt. Colleges would have to hold down costs and show improvements on graduation rates, for instance. Mr. Sanders has proposed spending about $47 billion a year to end public college tuition, with another $23 billion a year coming from states; Mr. O’Malley has proposed his own debt-free plan, though a campaign spokeswoman said there was no cost estimate yet.
Hillary Clinton for America: www.hillaryclinton.com
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