Sunday, August 09, 2015

Clinton to unveil student debt plan .Wants limits on loan payments

The Boston Globe reports:
Hillary Rodham Clinton wants to radically change the way public higher education is financed, allowing students to earn a four-year degree without taking out a single loan.

Clinton’s plan, which she is set to unveil Monday in New Hampshire, would also make community colleges free and ensure that those with student loans wouldn’t be required to pay more than 10 percent of their income in debt payments, according to a summary of the plan the campaign shared with the Globe.

The plan would be paid for by limiting the value of itemized tax deductions for the wealthiest taxpayers, and increasing unspecified taxes. The overall cost: $350 billion over 10 years.
The newest socialist scheme.