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2013 Liberty Medal Ceremony

Source: Lisa Lake / Getty

Calling for a “new college compact,” Hillary Rodham Clinton on Monday will unveil a $350 billion plan aimed at making college more affordable and reducing the crushing burden of student debt.

At a town hall meeting in New Hampshire, the state with the highest average student debt in the country, Clinton will propose steps to reduce the cost of four-year public schools, make two-year community colleges tuition-free and cut student loan interest rates, according to campaign aides.

The college affordability plan, a main plank of her policy platform, is an effort to address a major financial stress for many American families and satisfy a central demand of the Democratic party’s liberal wing.

The proposal centers on a $200 billion federal incentive system aimed at encouraging states to expand their investments in higher education and cut student costs. States that guarantee “no-loan” tuition at four-year public schools and free tuition at community colleges will be eligible to receive federal funds.

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source: BlackAmericaWeb.com

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