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Hillary Releases Her Plan for Student Loan Reform

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posted on Aug, 10 2015 @ 09:31 PM
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Hillary has announced a master plan to deal with the massive student loan problem that plagues more than 40 million people.

She says the government can refinance at lower interest rates and then people can buy houses and businesses.

Sounds great until we find out the "Plan" is actually a massive tax increase.

I'm not clear as to why a refinancing plan would require a gigantic tax increase?

This plan is said to cost $350 billion over 10 years.

Hmmm. Sounds like more DDT (Democrat Double Talk).

Maybe not?

What's the big advantage? And who benefits the most?

Loan refinancing, grants key to Clinton's college affordability plan



Democratic presidential candidate Hillary Clinton unveiled a plan on Monday to make college more affordable, vowing to increase access to tuition grants, allow graduates to refinance loans at lower interest rates and streamline income-based repayment plans.

"No family and no student should have to borrow to pay tuition at a public college or university, and everyone who has student debt should be able to refinance it at lower rates," Clinton said at a campaign stop in New Hampshire.

There are more than 40 million students and graduates in the United States with education debt amounting to a collective $1.2 trillion, exceeding debt from credit cards, auto loans or home equity lines of credit.




edit on Aug-10-2015 by xuenchen because: bottles




posted on Aug, 10 2015 @ 09:36 PM
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a reply to: xuenchen

Hey, I have a great idea.... Stop providing student loans to anyone taking a "useless" degree program. If you want to waste money on a crap degree that will not land a job, do it on your own dime.

Of course this will not happen since we are subsidizing the "Educational Industrial Complex" of useless teachers with useless degrees that cannot survive without a "teaching" position so they teach their useless classes to others.

A vicious cycle of "educated idiots" fueling the so called "higher education" employment sector.


edit on 10-8-2015 by infolurker because: (no reason given)



posted on Aug, 10 2015 @ 09:39 PM
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This is a great strategic plan to "buy" the votes of the millions in massive student loan debt. I am one of those and even though this sounds fantastic on the surface I'm not buying her bull# and lies. Nice try Hillary!



posted on Aug, 10 2015 @ 09:42 PM
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a reply to: xuenchen

No plan to create jobs for college graduates means a evil plan to make young adults slaves of the state.

Same plan as Obama?



posted on Aug, 10 2015 @ 09:46 PM
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Student loan interest rates are already incredibly low. This "solution" will fix nothing. Why am I not surprised?
edit on 8/10/2015 by Answer because: (no reason given)



posted on Aug, 10 2015 @ 10:02 PM
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She's nuts!

"Clinton's plan would allow graduates to refinance existing loans at current rates, and would consolidate four existing programs that allow graduates to make income-based loan payments into one that caps repayment at 10 percent of income, with the balance forgiven after 20 years."

You let a kid get a degree in unemployment, then make it so they don't have to pay back the full amount.
How about we make the schools repay the loans for handing out useless degrees.



posted on Aug, 10 2015 @ 10:06 PM
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A campaign promise to take your burdens and make them into a bright future at no cost to you. What a cool deal!

So we will get rid of student loan debt by...increasing taxes...which is just more debt. Makes sense.

If people will not pay their student loans, no worries. We will just make payment mandatory through taxes. Spread the love.

With all the problems facing this country, how come all the big pushes involve the banking and insurance industries? When are Americans going to realize they never come out on the good end of these deals? Why do bankers always get rescued first and always to the tune of our tax dollars for the next billion years?



posted on Aug, 10 2015 @ 10:10 PM
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How convenient she already cashed in fleeced the college institutions.


Mrs Clinton benefited to the tune of millions of dollars from that same
industry in a business relationship her husband enjoyed as recently as this spring.

Former President Bill Clinton collected more than $16 million
from 2010 to 2014 as honorary chancellor of Laureate Education
a for-profit company that runs 80 education institutions around
the globe, according to recently released tax returns.
Four of its six U.S. colleges were flagged on the Education

www.washingtontimes.com...#!

Maybe her and her contract hubby could also teach a new
class on how to take bribes, how to be a lifer politician,
how to make millions selling your country out.

edit on 10-8-2015 by burntheships because: (no reason given)



posted on Aug, 10 2015 @ 10:23 PM
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a reply to: burntheships

Like undoing NAFTA deal (steal jobs from 15 million Americans)...Clinton legacy.



posted on Aug, 11 2015 @ 12:32 AM
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originally posted by: infolurker
a reply to: xuenchen

Hey, I have a great idea.... Stop providing student loans to anyone taking a "useless" degree program. If you want to waste money on a crap degree that will not land a job, do it on your own dime.

Of course this will not happen since we are subsidizing the "Educational Industrial Complex" of useless teachers with useless degrees that cannot survive without a "teaching" position so they teach their useless classes to others.

A vicious cycle of "educated idiots" fueling the so called "higher education" employment sector.



Which degrees would those be? Colleges these days are very up front with their programs job placement numbers, expected earnings, and expected costs of taking any degree. The degrees that aren't economically viable have crashed in popularity, though a few still take them, and it's a good thing they do, because people knowledgeable in those subjects in small quantities benefit our society.

Clintons fix to the student loan issue isn't going to do anything. The interest rates are already quite low so there's not much in the way to refinance. The real problem is that the jobs aren't available once people graduate and it's time to begin the repayment. Refinancing doesn't change the fact that the degree cost as much as a house.

If you want to ensure students are given loans they can repay, and that the costs for college will be under control take the student loan business away from the feds and give it to the colleges. Make each college loan to their students at terms they and the students agree to, the financing to attend class. It's in the schools interest the person graduates with a job that can repay the loan, and it's in the schools interest to not make the loan too expensive, as they'll be competing for loan terms with every other school in the area.



posted on Aug, 11 2015 @ 06:44 AM
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a reply to: xuenchen

Why not just make higher education free? Honestly if we want productive intelligent people why not provide free learning?



posted on Aug, 11 2015 @ 06:53 AM
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You know what free stuff is really worth?

Instead of making sure that the product being put out in our 'free' public schools improves.... let's make something else 'free' and let the quality suffer there too.



posted on Aug, 11 2015 @ 06:56 AM
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a reply to: xuenchen

Bullspit. The only way to "fix" the student loan problem is to either stop offering them to everyone or let them be charged off in bankruptcy again (which will result in the first option happening anyways).



posted on Aug, 11 2015 @ 07:20 AM
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originally posted by: HawkeyeNation
This is a great strategic plan to "buy" the votes of the millions in massive student loan debt. I am one of those and even though this sounds fantastic on the surface I'm not buying her bull# and lies. Nice try Hillary!


What about the ones who went deep into debt and landed a nice job? They'll be getting it out both ends even worse with this plan. They won't be able to write off as much in taxes and they won't qualify for the program. So the government takes from them in debt payments and higher interest AND in increased taxes.



posted on Aug, 11 2015 @ 07:22 AM
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originally posted by: Enlil2215
a reply to: xuenchen

Why not just make higher education free? Honestly if we want productive intelligent people why not provide free learning?


There is a reason why my husband's company does most of its R&D work here in the states even thought they are European and most of their research talent comes anywhere BUT from Europe where the higher education is free.



posted on Aug, 11 2015 @ 07:28 AM
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originally posted by: ketsuko

originally posted by: Enlil2215
a reply to: xuenchen

Why not just make higher education free? Honestly if we want productive intelligent people why not provide free learning?


There is a reason why my husband's company does most of its R&D work here in the states even thought they are European and most of their research talent comes anywhere BUT from Europe where the higher education is free.


Eeerggg hate to agree with you but yeah.

Same in the UK, most the R&D places I have worked for wont touch mainland EU degree holders. If they want work in the UK they have to do either another degree or a post grad degree here. Only exception seems to be Grads from France.
Most the employers are native UK, USA, China (hongkong) or from Australia or if they are from the EU they have done a 2nd degree here.
edit on 11-8-2015 by crazyewok because: (no reason given)



posted on Aug, 11 2015 @ 09:40 AM
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originally posted by: Enlil2215
a reply to: xuenchen

Why not just make higher education free? Honestly if we want productive intelligent people why not provide free learning?


The colleges and academic bureaucrats are overpaid.

They should take a pay cut. A big pay cut.




posted on Aug, 11 2015 @ 11:16 AM
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a reply to: Aazadan

It isn't the degrees, its the BS classes that you have to take. Why should a Mechanical Engineering student have to take anything other that the core classes for their degree? The answer is simple. To subsidize the jobs of Professors with worthless degrees.



posted on Aug, 11 2015 @ 11:26 AM
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a reply to: ketsuko

BTW if anyone is wondering what Ketsuko is getting at its the fact that University were you have to pay generally as a result have higher budgets and therefore have higher standards of education as they can attract the best teachers and afford the very best in facilities.

The (UK) university I went to for example had laboratory space for all students so we could get lab practice and get practical skills along with some of the more expensive pieces of equipment to train on

In some of the mainland EU country's many of the Science and engineering students can go through entire years and not ever step foot in a lab. And that's is not a lie, two polish students had a MSc in chemical engineering from back home and had NEVER set foot in a laboratory as they couldn't afford the expense!

Free university is great to do liberal art nonsense but it negatively effects the real degrees in science and engineering.


I am assuming that was your angle?

edit on 11-8-2015 by crazyewok because: (no reason given)

edit on 11-8-2015 by crazyewok because: (no reason given)



posted on Aug, 11 2015 @ 01:59 PM
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originally posted by: butcherguy
You know what free stuff is really worth?

Instead of making sure that the product being put out in our 'free' public schools improves.... let's make something else 'free' and let the quality suffer there too.


It varies by the state, some of our states public schools are in the top 5-10 in the world in terms of quality. Others like Florida which don't have any standards are at the very bottom.



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