“We need to make a quality education affordable and available to everyone willing to work for it, without saddling them with decades of debt.”
HILLARY, AUGUST 10, 2015
Here’s what every student and family should expect under Hillary’s plan: Costs won't be a barrier.
Students should never have to borrow to pay for tuition, books, and fees to attend a four-year public college in their state under the New College Compact. Pell Grants are not included in the calculation of no-debt-tuition, so Pell recipients will be able to use their grants fully for living expenses. Students at community college will receive free tuition.
Students will do their part by contributing their earnings from working 10 hours a week.
Families will do their part by making an affordable and realistic family contribution.
The federal government will make a major investment in the New College Compact by providing grants to states that commit to these goals, and by cutting interest rates on loans.
States will have to step up and meet their obligation to invest in higher education by maintaining current levels of higher education funding and reinvesting over time.
Colleges and universities will be accountable for improving outcomes and controlling costs to ensure that tuition is affordable and that students who invest in college leave with a degree.
We will encourage innovators who design imaginative new ways of providing a valuable college education to students—while cracking down on abusive practices that burden students with debt without value.
A $25 billion fund will support HBCUs, HSIs, and other MSIs serving a high percentage of Pell Grant recipients to help lower the cost of attendance and improve student outcomes at low-cost, modest-endowment nonprofit private schools.