2016 Postmortem
In reply to the discussion: Sanders vs. Clinton: Who Has the Best Plan for America's College Students? [View all]elleng
(130,865 posts)'We froze tuition at public four-year institutions; Congress must allow students to refinance the debt they already have; cap the monthly payments on students loans, so that students whose passion is teaching or policing or national service can pursue their dreams without worrying about debt or default; make income-based repayment automatic; all low- and middle-income students enrolled in the programs should have their minimum monthly loan payments capped at 10 percent of their take-home pay; all borrowers who take advantage of these programs would eventually have the balance on their loan forgiven. These two proposals letting students refinance their loans, and capping their loan payments will go a long way toward relieving student debt.
To be sure, to end the student debt crisis for good we have to make college affordable for everyone. We cant afford to make loans easier to pay off, only to have colleges keep raising tuition costs. And we must hold colleges that receive federal aid dollars accountable for directing aid toward the students who need it most by tying the receipt of aid to schools performance on that score, or rewarding schools that excel at making college affordable.
Our ultimate goal must be for every student, most especially low-income and middle-class students, to be able to go to college debt-free. But making sure our students get a far better deal on their loans is a crucial first step.'