The debt for student loans in America now tops one trillion dollars and Hillary Clinton thinks the solution to this problem is higher taxes on the rich. What an original idea.
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The Wall Street Journal reported:
Hillary Clinton Proposes Debt-Free Tuition at Public Colleges
Hillary Clinton is proposing an expansive program aimed at enabling students to attend public colleges and universities without taking on loans for tuition, her attempt to address a source of anxiety for American families while advancing one of the left’s most sweeping new ideas.
The plan—dubbed the “New College Compact” and estimated to cost $350 billion over 10 years—would fundamentally reshape the federal government’s role in higher education by offering new federal money, but with strings attached.
States would have to increase their own spending on higher education, and universities would be required to control spending, though the Democratic presidential front-runner hasn’t yet worked out details. Families still would be required to contribute, but students wouldn’t have to take out loans to attend public schools.
“We need to make a quality education affordable and available to everyone willing to work for it without saddling them with decades of debt,” Mrs. Clinton said, announcing the plan in Exeter, N.H. “I want every parent to know that his or her child can get a degree or you can get one yourself.”
The proposal carries particular political weight for a campaign working to keep young voters in the Democratic coalition in the post- Obama era. Information about it will be a key element of campaigning on college campuses this fall.
That last part is the key to Hillary’s true intentions. This is just another Democrat handout to buy votes. In this case, from college aged voters Clinton would need in order to win.
There’s no such thing as a free lunch. The more money the government throws at higher education, the more college tuition goes up.
Hillary’s plan won’t solve the problem at all, it’s just a soundbite.