Chelsea Clinton by Ali Shaker/VOA [Public domain], via Wikimedia Commons
UPDATE: College Debt Event with Chelsea Clinton to be held 3:30 PM EDT, Wednesday, September 14, doors open to public at 3:00 PM EDT at Olin Hall, Roanoke College, 221 College Avenue, Salem, VA
Chelsea Clinton will be in Roanoke on Wednesday to highlight her mother’s college plan. Under the New College Compact, 94,000 Virginia students would pay no tuition for a four-year college degree. The time and place TBD.
Members of the public interested in attending a Roanoke event can RSVP here.
The emphasis will be on millennial voters and her mother’s plans for free community college and debt-free college education.
A new report says students from 79 percent of Virginia households would pay no tuition at all – a saving of up to $47,280.
Clinton will crack down on the abusive practices of for-profit colleges she says. ITT, a for-profit school, closed recently having been striped of federal funding. Thousands of ITT’s students were saddled with excessive debt for a career they were ill-prepared for.
Clinton’s plan highlights protecting Pell Grant funding that about 199,000 low and middle-income Virginia students receive. Working families who pay no tuition can also use their Pell Grants to cover non-tuition expenses. Her plan will restore year-round Pell Grant funding.
Hillary Clinton has stated that she will take immediate executive action to offer a three-month moratorium on student loan payments to all federal loan borrowers and help refinance their student loans at current rates. Refinancing would help 629,000 Virginia borrowers. Nationally, a typical participating borrower will save $2,000 over the life of his or her loan. Students would be able to enroll in income-based repayment.
As part of Clinton’s plan employers are urged to do their part. A student would get relief from debt for starting a business or social enterprise and would receive rewards for public service.
“Hillary will ensure that this year’s more than 600 Virginia AmeriCorps members who complete two years of national service and a year of public service will be able to have their loans forgiven. Teachers in high-need districts or shortage subjects will also get enhanced loan forgiveness.”
The federal government will make a major new investment to make this possible, but states will have to step up and meet their obligations as well.
Students will be expected to work 10 hours a week to help defray the full cost of attendance. Virginia colleges and universities will be accountable for reining in costs to provide value to their students; improving completion rates and learning outcomes; and providing disadvantaged students the tools they need in order to get to and through college.
The new report of Hillary Clinton’s plan follows the release of a “college calculator” announced Monday by Hillary for America — a tool in English and Spanish that allows families and students to see how much they would save under Clinton’s plan.
The full report is attached to this release, or can be viewed online here.
Posted By Valerie Garner
Categories: Education, Election 2016, Elections, National, Politics
Tags: election, Election 2016, Hillary_Clinton, school