Democratic presidential candidate Joe Biden released his higher education plan on Tuesday, proposing to make two-year community colleges and other training programs tuition-free.
Biden is proposing to make two-year community colleges and other training programs tuition-free.
Under the former vice president's plan, many student loan borrowers would see their monthly payments reduced.Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden reacts during a campaign Community Event at Keene State College in Keene, New Hampshire, U.S., August 24, 2019.released his higher education plan on Tuesday, proposing to make two-year community colleges and other training programs tuition-free.
Under Biden's plan, many student loan borrowers would see their monthly payments reduced. Currently, those enrolled inpay between 10% and 20% of their discretionary income. Biden says he would require them to pay just 5%. And those who earn $25,000 a year or less won't have to pay anything. After two decades, borrowers will have their loans forgiven tax-free.that all four years of public college should be free. His proposal is also far narrower than that of his rivals on the left, Sens. Bernie Sanders, I-Vt., and Elizabeth Warren, D-Mass., both of whom are vowing to erase large portions or all of outstanding student debt and make four years of public college free.
Student debt has become a central issue in the 2020 campaign, as nearly a third of borrowers are currently in delinquency or default. More than half of Americans say student debt is "a major problem" for the country,, the financial aid for low-income students. He would also build on the popular but troubled public service loan forgiveness program, by forgiving $10,000 in student debt a year for up to five years for borrowers who work for the government or a non-profit.
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