Right now is the perfect time to think about real solutions for the current mess that is student debt in this country. There are many avenues you can explore, but I for one believe in Hillary Clinton and her plan for this issue.
Under Clinton's plan, by 2021, families with an income of less than $125,000 will be able to send their children to and in-state, four-year, public universities at no cost. Even better, if Hillary is elected, families making $85,000 a year or less will immediately be able to send their kids to an in-state, public university for free! Additionally, all community colleges will offer free tuition and $25 billion will be funded to support historically black colleges and universities, and other minority-serving institutions.
Additionally, Clinton's plan will provide some relief for current students and graduates experiencing difficulty repaying their loans. loan-holders will be able to refinance their loans to the current interest rate. Hillary will also provide loan deferment for up to three years to entrepreneurs - and debt forgiveness of up to $17,500. Clinton will also immediately take executive action to offer a three-month moratorium on student loan payments to all federal loan borrowers - giving borrowers time to consolidate their loans and take advantage of repayments plans that currently exist.
This may not be a perfect plan, but is certainly a step in the right direction. Conversely, Donald Trump has offered no clear plan for alleviating student debt in this country, save for stating that he will create jobs that "can get five times what the minimum wage is". However, Trump does not support increasing the federal minimum wage, and while these hypothetical jobs wants to creates may or may not pay more, this solution only benefits those individuals who can obtain high paying jobs. The solution to this problem is to benefit all borrowers to lower the barrier of entry to higher education.
CLinton is the best candidate for mutiple reasons, but none less important than her plan to assist borrowers with this serious issue.
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