Overshooting on Student Debt
Student debt and escalating college costs are a serious problem that presidential candidates must address. And Hillary Clinton’s solution, proposed last week, does include useful elements.
For example, she advocates an income-based loan repayment program β in other words, to cap loan payments to a certain percentage of discretionary income.
Such programs already exist, and Clinton would consolidate them. Nor are they the sole province of Democratic politicians. Florida Sen. Marco Rubio, a Republican presidential contender, is championing another income-based repayment plan with Virginia Sen. Mark Warner, a Democrat.
It’s important, though, that a repayment program not encourage people to choose lower-paying careers in order to gain earlier debt forgiveness, as an existing model does.
The remainder of Clinton’s plan, meanwhile, has serious flaws.
Read the article “Overshooting on Student Debt” on denverpost.com.