Hillary Clinton Education Plan Dedicates $25 Billion to Historically Black Colleges and Universities
Hillary Clinton is proposing a new educational program that would direct some $25 billion to aid historically black colleges and universities (HBCU).
The "New College Compact" plan, with an overall bill of $350 billion, is touted as being directly aimed to combat the rising tuition and student loan debt that prohibit many, particularly minorities, from having a fair chance at achieving the American Dream.
"Imagine what is possible in America if we tackle the runaway costs of higher education, make sure that students who start college can finish with a degree, and relieve the crushing burden of student debt," a statement on the 2016 Democratic presidential hopeful's website reads. "Families that can send their sons and daughters to college, graduates who can buy homes and start businesses without being held back by loans, and student parents who can balance the costs of quality child care with returning to school. We will see incomes rise and ensure Americans get ahead and stay ahead."
As for HBCU's specifically, the plan also calls for making significant cuts to interest rates students are forced to pay on loans, enabling students to refinance their loans at lower rates, ensuring that parents who borrow through the PLUS program will not have to take on such high levels of debt in order to send their children and grandchildren to these schools, and guaranteeing that students never have to repay more than 10 percent of their monthly income.
As part of her overall platform, Clinton has long been calling for a more inclusive and equitable system.
"A lot of our cities really are divided," she said during a recent urban policy panel at the Center for American Progress in Washington, D.C. that was also sponsored by the labor union AFSCME. "They have a lot of inequality that has only gotten worse. They have some of the most dynamic, well-educated, most affluent people in the world. And people who are trapped in generational poverty and whose skills are not keeping up with what the jobs of today and tomorrow demand."
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