Even though Bernie Sanders may be out of the race for the democratic nomination, he’s still earmarking some wins. Recently, he managed to get Hillary Clinton, the presumed democratic party nominee, to agree to help push his plan for a tuition-free college for Americans.
Clinton’s adoption of this proposal could result in as much as 80% of Americans attending college without having to take on further debt to do so.
Under the plan, college would be free for students whose families earn less than $125,000 per year in income. The income threshold would begin at a more modest $80,000 per year, and go up in increments of $10,000 each year until it hit the $125,000 bracket.
Clinton plans to have this in place by 2021, if she gets elected.
This concession by Clinton results in a big victory for Sanders. It would result in just the top 15% of income earning families having to pay for college tuition in the US. And it would be about as near to a home run on his original tuition-free college plan as he’ll get with Clinton as the party’s nominee.
Sanders only had good things to say about Clinton’s adoption of his plan: “This proposal, when implemented, will revolutionize the funding of higher education in America, improve the economic future of our country and make life immediately better for tens of millions of people stuck with high levels of student debt,” he said.
“I want to take this opportunity to applaud Secretary Clinton for the very bold initiative she has just brought forth today for the financing of higher education,” added Sanders.
While actually getting this plan to pass in Congress right now, which is controlled by Republicans, is farfetched, it could take on a head of steam of its own if Clinton were to be elected and were to push for its passage.
Moreover, Sanders and Clinton agreeing marks a new step towards consolidating the democratic party ahead of the nomination and plunge into the final whirlwind of the general election.
Clinton embellished the meaningfulness of a tuition-free college, stating: “While Donald Trump offers little more than broken promises to get rich quick, I remain committed to ensuring that a college degree is attainable for anyone in this country with the desire and determination to earn one,” Clinton said in a statement.
The concession by Clinton followed a meeting between her and Sanders, where she agreed to adopt portions of his plan in place of ideas she had, which included reducing tuition costs, improving Pell grants and opening the door to new refinancing options for students.
With student loans topping the $1 trillion marker, a plan such as this may be arriving a little too late, but bodes well for the future.