STATEMENT from Natalia Abrams, Executive Director of Student Debt Crisis, on Sec. Hillary Clinton’s New College Compact – College Affordability Plan
Student Debt Crisis is encouraged by today’s announcement of Secretary Hillary Clinton’s new college affordability plan. Following previous proposals from Governor Martin O’Malley and Senator Bernie Sanders, we are gratified that all three major Democratic presidential candidates have committed to addressing student debt and lowering the cost of higher education. This progress demonstrates that the issue of student loan debt and higher education has come a long way since the last presidential election.
With respect to Sec. Clinton’s plan, we are discouraged by the lack of attention given to relieve existing borrowers from their crippling student loan debt. While we are appreciative of her support for refinancing student loans and agree that state disinvestment has been a large contributor to the increase in tuition prices, Sec. Clinton’s plan does not nearly go far enough and isn’t the “bold transformation” we had hoped she would deliver.
At Student Debt Crisis, it is our job to continue to push our leaders until we have a comprehensive plan that helps existing borrowers as much as prospective students. That’s why we must continue to fight for total debt-free college and the cancellation of outstanding student loan debt.
With over 1.2 million signatures calling to forgive student loan debt, Student Debt Crisis is deeply committed to reforming the way we pay for higher education in America.