Hillary Clinton’s plan to fix the federal student loan system doesn’t make sense, according to analysis published by the Brookings Institution.
As president, Clinton says she would attempt to cut interest rates on student loans, citing concerns that the federal government earns a profit off student loans. “For future undergraduates we will significantly cut interest rates so they reflect the government’s low cost of lending … so the government never profits when students borrow,” Clinton’s plan says. It’s important to note that she focuses on cutting interest rates only for undergraduates, but says nothing about federal loans for graduate students or parents of undergraduates.
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