The debate around US college fees and debt reduction.
The Democratic Party’s nominee for US president will be picked in 2020, but pre-campaigning by the current 22 contenders for the nomination is well underway. Two issues of inter-generational importance that all candidates are starting to talk about in hustings and public appearances is university tuition and student debt. Reducing student debt levels and tertiary education fees will form part of the 2020 election campaign.
The Trump administration’s 2020 budget measures to alleviate education costs could fall prey to inter-party fighting.
If universities are to lower charges, they will likely reduce services to plug the gap, potentially hitting education provision.
Lowering university costs would also see universities seeking more outside investment, which could affect strategy decisions.
Reducing student costs would help students avoid taking on new debt post-college: fees are not waived due to bankruptcy.
Some candidates suggest fixed student loan repayment rates, which would reduce lenders’ profits.
