Hillary Clintons Plans on Our Student Loans

Out of every candidate in the presidential debate Hillary Clinton’s idea on our student loan crisis has been the most scrutinized. It might have to do with the fact that she was the first candidate to bring up the topic and present her idea which she calls “The New College Compact”.It is currently an important factor that is keeping her well established within different generations and culture groups.

There are five main points that she believes will be able to make college affordable to all who “work hard to put themselves through school”. One of the things she mentions is her plan to make community college free. A thought originally presented by Obama that she has now incorporated into her plan. Many of us choose to attend community colleges in order to save some money before attending a university. It is a common choice among us college students. So when someone presents the idea of making community college free, there will be many on board. But how many of us know how hard it is to get credit for classes we’ve taken once we decide to transfer; its an absolute mess. With a plan that makes sure our credits will count and facilitate our transition from community college to a four year school, she is successfully reaching out to so many potential voters.

Secondly, colleges will have to strive to make their tuition affordable and will also have a lot of liability when it comes to the success of their students. An example Hillary presents is if we do end up needing to take out loans for programs “that don’t lead to good-paying jobs”, then our universities will have to take some responsibility as well. The burden of having to pay for school ourselves suddenly does not look as daunting. As college students we don’t hold so much trust in our education system but if they also have to respond when things don’t work out then I think it makes a lot of us feel more trusting and at ease.

Her new policy will also ask the state to once again meet their obligation in funding higher education and the state will once again have to invest in our education. Such a relief to our ears! There’s always so much action against the investment on higher education, it’s always what the state decides to take money away from.

student_loan-interest

Image from Google

Lastly, those with outstanding student debt will be able to refinance it at a much lower cost rate. What a relieving thought to many out there. As I mentioned in my post before, at times student loans end up defining our economic status and this could potentially redefine that for many of us.

All this sounds great, but we do run into the possibility that if Hillary is elected will those in the house agree with her. “If elected, could she persuade Congress…whose legislatures have been increasingly controlled by Republicans…”(NY Times). We as common people can relate to it, but it’s a different story for those in the political area. They aren’t just thinking about our education, but they are also thinking about the country as a whole. The thought of not being able to make profit from higher education does not sit well when it is one of the things bringing in a good amount of profit to the state. What are we to think if Hillary is elected, could she be able to convince Republicans in the house?

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