Students shouldn’t fear decades of debt just because they want to pursue an education. But today in America, students graduate with so much debt, they often can’t take the job they want, start a business or a family, or even pay the bills.
Kamala believes we need to act. As president, she’ll provide relief from crushing debt today, and ensure tomorrow’s students can attend college debt-free.
That starts with immediately allowing current debt holders to refinance high-interest loans to lower rates, expanding Income Based Repayment (IBR) to ensure no student pays more than they can afford, and cracking down on for-profit colleges and lenders that defraud our students. As Attorney General, Kamala took on Corinthian Colleges, one of the largest for-profit college scams in the country, and obtained more than $1 billion in relief for students and veterans.
Providing relief to students today is critical, but Kamala knows we also have to tackle the driver of this crisis: the runaway cost of college. Over the past 30 years, the cost of public college has increased over 200 percent, putting college entirely out of reach for many families and forcing others to take on mountains of debt.
Kamala believes that in America, your family’s wealth should not dictate your success. That’s why as president, she’ll fight to make community college free, make four-year public college debt-free, and provide an income boost to nearly 1 in 7 Pell Grant recipients through her LIFT Act, the largest tax cut for working Americans in generations.