Implicit in those “opportunities” are other elements of Clinton’s college plan, which include the ability for borrowers to refinance their student loans at current rates and interest-free loan deferrals for aspiring entrepreneurs. Borrowers who are behind on debt would also get help during the hiatus to rehabilitate their loans.
Experts say the three-month loan-payment moratorium stands a better chance of happening than the headline of Clinton’s plan tuition-free education at in-state public colleges for families earning as much as $125,000 or less. That’s because it doesn’t require the cooperation of Congress or a major funding initiative.
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Read the full article at: http://www.cnbc.com/2016/07/14/dont-wait-for-presidential-decree-to-cut-student-debt.html