Broadcast – Hillary’s College Plan
Parents are afraid they can’t afford their kid’s college education. The hard truth is politicians play to that fear, rarely offering any real solutions. Like Democratic Presidential candidate Hillary Clinton’s phony proposal to refinance student loans at lower rates. This means if your kid graduates with a huge debt, he’ll pay a few dollars less in interest every year, but still be in hock the rest of his life!
If Clinton wanted to help you, she’d support discharging college debt in bankruptcy. This removes the incentive for finance companies to heap credit on kids who can’t repay it. If she cared about helping the middle class, she’d propose eliminating federal subsidies for higher education entirely. Government subsidized loans are the reason college tuition has skyrocketed. But taking stands like these would require her to stand up to banking and education lobbies. So don’t hold your breath.