Hillary Clinton’s Smorgasbord Approach to Student Loans
Hillary Clinton excels at devising policies tailored to appeal to wide swaths of the electorate, and her latest major proposal—reforming higher-education financing—is no exception. The plan is largely stitched together from other recent efforts to address the daunting $1.2 trillion owed by Americans with student loans, incorporating popular ideas from both sides of the aisle.
The New College Compact, her campaign estimates, would cost the federal government $350 billion over 10 years. It aims to make public colleges debt-free for students, to cut interest rates for people struggling with debt from loans taken out to pay for college, and to expand some existing aid programs to cover more people.