Blog/2016 U.S. Presidential Election
Posted Nov 14, 2016 by Martin Armstrong
Trump has proposed capping student debt at 12.5% of their income and a debt forgiveness at 15 years. Yes this will cost something, but it is the only way to unwind the unfair practices of the Clintons, who made student loans non-dischargable in bankruptcy. But then the shifty bankers had often parents cosign the student loans so in effect they became collateralized and non-dischargable.
Trump’s plan is a major step in solving this problem. But to bring down the cost of education we must eliminate the free money and make schools competitive for the first time.