Hillary introduced additional plans to enhance her New College Compact aimed at tackling the cost of higher education. You can dive into the details below, but here’s the gist:
- Hillary will take executive action to offer all federal loan borrowers a three-month moratorium on their student loan payments so they can consolidate their loans, enroll in income-based repayment, save money on loan payments and fees, and get help in dealing with their loan servicers.
- Refinancing student loans at current rates would help 25 million borrowers across the country, with the typical borrower saving $2,000 over the life of the loan -- and Hillary will make sure nobody has to pay more than 10 percent of their monthly income.
- By 2021, Hillary wants to ensure that families with income up to $125,000 pay no tuition at in-state public colleges and universities.
- Under Hillary's plan, students with family incomes of $85,000 or lower will be able to attend an in-state public college totally tuition-free starting immediately.
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