Since student debt is now over a trillion dollars, it’s hard to see how this wouldn’t be an election issue.

Douglas Belkin of the Wall Street Journal reported.

Student Debt Is Hot Topic for 2016 Field

The rise in college costs—and student-loan burdens—is breaking through as a hot issue in the 2016 presidential race as contenders float proposals that rethink what college should cost and who should foot the bill.

Republicans, who generally point to easy access to federal student loans as the culprit inflating the price of higher education, are focusing on driving down tuition prices and creating alternative pathways to degrees. Democrats are concentrating on pumping significantly more federal money into public universities to reverse years of state budget cuts.

The debate comes amid rising concern about the cost of higher education. In April, a Gallup poll found that only 21% of Americans view higher education as affordable. Another Gallup poll found that 73% of parents with children under the age of 18 are worried about paying for college.

The idea of a massive infusion of federal cash to guarantee “debt-free college” gained traction this week when presidential hopeful Hillary Clinton told reporters in Iowa it was critical to “move toward making college as debt free as possible.”

On Tuesday, Sen. Bernie Sanders, a Vermont independent who also is seeking the Democratic nomination, introduced legislation that would eliminate undergraduate tuition at public four-year colleges and expand work-study programs to help students at private universities. Mr. Sanders estimates the plan would cost $70 billion a year and would be partially paid for by a tax on financial transactions.

GOP presidential hopefuls have approached the issue by focusing on the price tag. In 2011, Rick Perry, then governor of Texas, began calling for $10,000 undergraduate degrees, a challenge that some colleges heeded.


 
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