Presidential elections are decided by many things: media exposure, financial backing, personal chemistry, timing and luck. Policy positions often are just a way of signaling where a candidate stands on the political spectrum. But 2020 is shaping up to be different, the most ideas-driven election in recent American history. On the Democratic side, a robust debate about inequality has given rise to ambitious proposals to redress the imbalance in Americans’ economic situations.
That’s a staggering amount of money: about 7 percent, in fact, of the total federal debt. It wasn’t always thus. Just 10 years ago, America’s overall student-debt burden was $675 billion; 10 years before that, it was less than $100 billion. No wonder, too, that nearly all of the 2020 Democratic presidential contenders say they want to fix the problem.
For the next couple of decades, the new system seemed to work relatively well. But as more and more students chose to pursue a higher education, alarm bells began to sound. “Experts ... say that record borrowing for college threatens the financial stability of a generation of young people and their families,” the New York Times reported in 1987.
Their proposals fall into two broad categories: 1) help for people currently struggling with student debt and 2) reforms that will shield future generations from debt crises of their own. Eventually, though, Clinton adopted something like Sanders’s position — with one important tweak. Instead promising to cover public-college tuition for everyone, she limited the program to families making $125,000 or less.
Others may go in a more nuanced direction. In March 2018, Hawaii Sen. Brian Schatz introduced his Debt-Free College Act, which differs from Sanders’s original proposal in that it wouldn’t cover public-college tuition at all income levels, but also from Clinton’s, in that it would cover ancillary expenses, such as room and board, as well as tuition.
And then there’s the other half of the equation to consider: What to do about all the Americans already drowning in student debt? Yet by far the highest-profile proponent of student-debt cancellation is Elizabeth Warren. In April, Warren introduced a college affordability plan. One half was fairly familiar: eliminating the cost of tuition and fees at every public two-year and four-year college in America while expanding Pell Grants by $100 billion over the next 10 years to cover nontuition expenses and give lower-income and middle-class students a better chance of graduating without debt.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | Canceling Student-Loan Debt Is a Bad IdeaOpinion: “I agree with Elizabeth Warren that we need to address the skyrocketing tuition costs at American universities. But complete student-loan debt forgiveness is not the solution.” Maybe star running schools as institutions of learning instead of for-profit diploma scams? Dah! Schools just keep raising tuition prices and the tax payer covers it.
Source: WSJ - 🏆 98. / 63 Read more »
Should student loan debt be canceled?The rising cost of education and the increasing necessity of a college degree in many professions have led to an explosion in student loan debt in the U.S. Sen. Elizabeth Warren has proposed the most radical measure: an aggressive proposal to tackle the problem by canceling $1.25 trillion in student yes.....just this one act of socialism, PLEASE !!!! I am pleading here !!!......and then we can go immediately back to full proof Capitalism....... Yes Yes
Source: YahooNews - 🏆 380. / 59 Read more »
Program to Relieve Student Debt Proves UnforgivingMore than 73,000 people have applied for debt forgiveness this year, according to Education Department data, but just 864 have had their loans erased. pay your bills You borrowed the money, you new the deal, you got the education you wanted... PAY IT BACK.... I don't care if your choice of major was for shit... not my problem... if you get yours relieved why shouldn't I get mine reimbursed Your generation is WEAK AS WATER Yay big govt! Junk laws nobody can even figure out. Even when trying to accomplish something useful, they bring nought but wreckage.
Source: WSJ - 🏆 98. / 63 Read more »
Warren has a calculator for her student debt forgiveness planSen. Elizabeth Warren is promoting an online calculator that shows voters just how much -- exactly -- they'd benefit from her proposal to cancel outstanding student loans Is it 1/1024 Indian ? Riiiight🙄... because little miss Native American has proven to be so trustworthy and honest. You gullible moronic Dems deserve to be duped. This woman is at true candidate for the office of President of United States of America. Unlike others who want even give you a straight answer.
Source: CNN - 🏆 4. / 95 Read more »
Here’s what Americans think of Elizabeth Warren’s plan to cancel student debtPeople are concerned about the impact of student debt, polls show, and they are thirsty for proposals to address it. Nobody is paying off my credit card debt---is there any difference with student debt ---you work like me to pay off debts
Source: MarketWatch - 🏆 3. / 97 Read more »
'I could actually plan my life': What student debt forgiveness would mean for borrowersWhen Elizabeth Warren released her sweeping student debt forgiveness proposal last month, many borrowers imagined how their lives would transform if their loan balance shrunk or disappeared. CNBC spoke with people about how Warren's proposal would change their circumstances. I wrote this article in November 2016 — use the Fed to address the problem at the source. HelicopterHope Government should lower the education fees or else there is a debt trap A common man cannot Avoid. Somethings should be subsidised at the Government level for the sake of common man. In the end it will help in nationbuilding and empowering common people.
Source: CNBC - 🏆 12. / 72 Read more »
UNC Charlotte Student Killed While Tackling Shooter Will Receive Military HonorsA University of North Carolina student who died charging an active shooter onthe school's Charlotte campus will be buried with full military honors, localTV station WJZY reported Friday America is a dangerous place to live, work and go to school; not just because of the evil people with guns, but because of the Republicans who won't help the Democrats do something about it.
Source: YahooNews - 🏆 380. / 59 Read more »