We should ALL support free college, because a college education should be an EDUCATION.

[ljm2002]

31. His plan would help there also...

...since it is about more than state colleges and universities being tuition-free. It also would:

STOP THE FEDERAL GOVERNMENT FROM MAKING A PROFIT ON STUDENT LOANS.

Over the next decade, it has been estimated that the federal government will make a profit of over $110 billion on student loan programs. This is morally wrong and it is bad economics. As President, Sen. Sanders will prevent the federal government from profiteering on the backs of college students and use this money instead to significantly lower student loan interest rates.

SUBSTANTIALLY CUT STUDENT LOAN INTEREST RATES.

Under the Sanders plan, the formula for setting student loan interest rates would go back to where it was in 2006. If this plan were in effect today, interest rates on undergraduate loans would drop from 4.29% to just 2.37%.

ALLOW AMERICANS TO REFINANCE STUDENT LOANS AT TODAY’S LOW INTEREST RATES.

It makes no sense that you can get an auto loan today with an interest rate of 2.5%, but millions of college graduates are forced to pay interest rates of 5-7% or more for decades. Under the Sanders plan, Americans would be able to refinance their student loans at today’s low interest rates.

ALLOW STUDENTS TO USE NEED-BASED FINANCIAL AID AND WORK STUDY PROGRAMS TO MAKE COLLEGE DEBT FREE.

The Sanders plan would require public colleges and universities to meet 100% of the financial needs of the lowest-income students. Low-income students would be able to use federal, state and college financial aid to cover room and board, books and living expenses. And Sanders would more than triple the federal work study program to build valuable career experience that will help them after they graduate.

All of those things would help low-income students, particularly the last one.