Tags: Trump Administration | Democrats 2016 | Education | Hillary Clinton | Clinton | Student Loan | Repayment

Clinton to Propose 3-Month Moratorium for Student Loan Repayment

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By    |   Wednesday, 06 Jul 2016 09:53 AM

Hillary Clinton plans to propose a three-month moratorium for those repaying federal student loans, in order to give them time to refinance or restructure high-interest debt, according to The Washington Post.

The likely Democratic presidential nominee plans to announce her proposal as a way to position her campaign as one that addresses problems such as student debt, as opposed to Trump's more self-focused campaign.

Clinton said her plan would limit students' loan payments to a proportion of their debts, and that borrowers would be provided with help and advice on how to save money. She would use the moratorium to take on for-profit colleges and loan services that have been accused of taking advantage of borrowers, according to the Post.

Clinton's proposal would cost the federal government more than $1 billion due to lost interest when borrowers refinance to get more inexpensive loans. Some of that cost could be reduced as the borrowers start businesses or buy homes, the Post reported.

During a speech to the National Education Association, Clinton said that she would stand up for educators' needs as president.

"If I am fortunate enough to be elected president, educators will have a partner in the White House and you'll always have a seat at the table," she said, according to The Wall Street Journal.

Clinton also wants to provide opportunities to help people refinance student loans so students "never have to pay more than" they can afford, and "for people who go into public service, and I include teaching because it is the first and primary public service."

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Hillary Clinton plans to propose a three-month moratorium for those repaying federal student loans, in order to give them time to refinance or restructure high-interest debt, according to The Washington Post.
Clinton, Student Loan, Repayment, Proposal
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2016-53-06
Wednesday, 06 Jul 2016 09:53 AM
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