2020 Dems making big, costly promises on student loan forgiveness
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The Democratic presidential candidates’ costly plans for universal health care dominated the Detroit debates — but their plans for tackling the costs of higher education are every bit as ambitious, and controversial, even if they don’t prompt the same on-stage fireworks as the “Medicare-for-all” divide.
The college debt question is quickly becoming a defining issue for Democratic candidates. As with health care, they have a wide range of proposals – from completely wiping out the roughly $1.5 trillion in student loan debt to expanding grants to low-income students to making public college tuition-free. Moreover, many of the plans are wildly expensive and prompting serious debate over whether the solutions are practical for dealing with costs that lawmakers across the political spectrum agree are sky-high.
“The big issue is the cost of a college education,” Michael Lux, a student loan expert and the founder of the Student Loan Sherpa, told Fox News. “Any plan addressing student loans needs to also address the rising cost of higher education.”
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