Hillary Clinton rolls out $350 billion, 10-year college affordability plan
By Dan Merica, CNN Updated 3:42 PM ET, Mon August 10, 2015
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Clinton will do this,she says, by providing incentives to states that agree to provide "no-loan tuition at four-year public colleges and universities." States that agree, under the Clinton plan, will win grants from the federal government.
Clinton also pledged to continue President Barack Obama's free tuition plan at community colleges, as well as ensuring that students will "never have to pay more than 10% of their income when repaying the loan."
"We need to make a quality education affordable and available to anyone who is willing to work for it -- without saddling them with decades of debt," Clinton said.
Michael Dannenberg, a director at Education Reform Now, heralded Clinton's plan for not being a "typical more money for college aid approach."
"This plan exemplifies the fact that both resources and reform are key to any pragmatic, progressive approach to higher education and K-12 challenges," Clinton said.
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According to the Clinton campaign, the plan will cost $350 billion over 10 years but will be "fully paid for by limiting certain tax expenditures for high-income taxpayers." Part of those limits would be cutting back on the number of itemized dedications for high earners, something Congress would have to approve.
Republican critics jumped on this aspect of Clinton's plan.
"What Hillary Clinton won't say is that her new $350 billion spending plan comes at the expense of charities across the country as she limits the deduction for charitable giving," said Jeff Bechdel, a spokesman for America Rising PAC, an anti-Clinton group.
Former Florida Gov. Jeb Bush, a Republican candidate, said Clinton's proposal was "irresponsible."
"We don't need more top-down Washington solutions that will raise the cost of college even further and shift the burden to hardworking taxpayers," Bush said.
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Vermont Sen. Bernie Sanders promised voters earlier this year that he would make all four-year public college and universities tuition free.
"We have a crisis in higher education today," Sanders said earlier this year in announcing his plan. "Too many of our young people cannot afford a college education, and those who are leaving college are faced with crushing debt."
Sanders has pitched the plan as something other countries have done, including Germany, Denmark and Finland.