Through a new “college calculator” released by her campaign Monday, borrowers can input their current loan balance, interest rate, number of years left on their loan and household income to generate the amount of money they would save under Clinton’s plan and an explanation of the cost reductions.
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A middle-class student attending a four-year public college will save more than $37,000 with Clinton’s free-college plan, according to the tool – attending school without paying any tuition fees.
Clinton captured the interest of academics and policy wonks last summer with her far-reaching $350 billion platform to make college affordable, which has grown over the course of the past year in size and cost.
Both estimates take into account additional factors, such as if the student or family member is a veteran, an AmeriCorps alumnus, a student-parent, an entrepreneur or considering a historically black or Hispanic serving institution. The federal government would make a major new investment, but Florida colleges and universities would be accountable for reining in costs and improving outcomes.
Researchers at the center, who called their analysis an educated guess because of the unprecedented nature of the plan, expect that students who otherwise could not afford college would file into schools with open enrollment.
According to the campaign’s report, tuition at public, four-year institutions in MI has risen by 23 percent since 2008, while public funding has fallen by 21 percent per student after inflation.
Help students deal with all of the costs of attending college.
If the following is indeed true, would you vote for Hillary Clinton for President this November? Hillary Clinton will protect Pell Grant funding for low- and middle-income students from working families.
Loan-borrowers would be able to refinance their student loans at current rates, just as borrowers can refinance a vehicle or home loan.
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The New College Compact would limit student loan bills to 10 percent of monthly income, and give significant breaks to those working in public service jobs. Hillary will create a payroll deduction portal for employers and employees that will simplify the repayment process. But the savings the tool offers are mostly based on programs that already exist, like income-based repayment and public service loan forgiveness. And teachers in high-need districts or shortage subjects will get enhanced loan forgiveness.
