What is quite possibly the most controversial and globally-publicized election in American history will come to a close tonight. People all around the nation will cast their vote for one of four candidates: Republican Donald Trump, Democrat Hillary Clinton, Libertarian Gary Johnson, or Green Party Jill Stein. For many kids who are graduating this year, or are just starting their college careers, this is the first election that they are able to participate in. One of the things that said kids are concerned about: student debt. Who has the best idea when it comes to payment for a public college education?
Donald Trump wants to remove "regulations" to make college more affordable, but has failed to elaborate on what regulations should be removed and what new ones will take their place. According to his advisors, debt-free college is "absurd." While his current plans are very vague, Trump and his team are purportedly working on taking a market-driven approach to student debt. By having private banking institutions finance tuition rather than the government, colleges will have better lending discipline. They also plan to come up with a way to hold the colleges more accountable for the viability of any issued loans.
Hillary Clinton, on the other hand, desires to make college tuition-free for students from families who make less than $125,000 a year, and debt-free for everyone. She also plans to allow students to use Pell Grants to cover living expenses and other costs year-round. To help cover said expenses, students would be expected to work at least ten hours a week. Unfortunately, Clinton's plan fails to address for-profit colleges, which play a huge part in the student debt crisis.
Gary Johnson's stance on student debt is shaky. He has not stated a direct viewpoint on the situation - simply stated that he would "consider reducing student loan interest rates" if he becomes President. In the Goldberg interview, Johnson announced that he would "really take a hard look at how students might [...] receive some sort of benefit or reduced interest rate. [...] If the Federal Reserve can bail out all the big banks, it seems to me that we might arrange lower interest rates for these loans to get paid back."
Jill Stein supports what she calls a "federal bailout;" just as the Federal Reserve bailed out Wall Street, it is able to purchase all of the student loans and nullify them, therefore putting the money back into the hands of the people so they can put it back into the economy. Stein is also a proponent of tuition-free schooling from preschool to college, and the knock-back of standardized testing.
Donald Trump wants to remove "regulations" to make college more affordable, but has failed to elaborate on what regulations should be removed and what new ones will take their place. According to his advisors, debt-free college is "absurd." While his current plans are very vague, Trump and his team are purportedly working on taking a market-driven approach to student debt. By having private banking institutions finance tuition rather than the government, colleges will have better lending discipline. They also plan to come up with a way to hold the colleges more accountable for the viability of any issued loans.
Hillary Clinton, on the other hand, desires to make college tuition-free for students from families who make less than $125,000 a year, and debt-free for everyone. She also plans to allow students to use Pell Grants to cover living expenses and other costs year-round. To help cover said expenses, students would be expected to work at least ten hours a week. Unfortunately, Clinton's plan fails to address for-profit colleges, which play a huge part in the student debt crisis.
Gary Johnson's stance on student debt is shaky. He has not stated a direct viewpoint on the situation - simply stated that he would "consider reducing student loan interest rates" if he becomes President. In the Goldberg interview, Johnson announced that he would "really take a hard look at how students might [...] receive some sort of benefit or reduced interest rate. [...] If the Federal Reserve can bail out all the big banks, it seems to me that we might arrange lower interest rates for these loans to get paid back."
Jill Stein supports what she calls a "federal bailout;" just as the Federal Reserve bailed out Wall Street, it is able to purchase all of the student loans and nullify them, therefore putting the money back into the hands of the people so they can put it back into the economy. Stein is also a proponent of tuition-free schooling from preschool to college, and the knock-back of standardized testing.
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