Hillary Clinton’s free college plan is long on promises but short on specifics - like who’ll pay for it.
Maybe the Clinton Foundation could foot the bill. After all, it received at least $500,000 from Arizona State University, not to mention tens of millions more from 180 other donors who lobbied the State Department when Clinton was in charge. If there’s one thing the Clintons understand, it’s how to generate free cash.
But not even the Clinton Foundation, with nearly $333 million in reported net assets, could afford Clinton’s college give-away, which she projects will cost $350 billion over the next 10 years.
Under the plan, officially dubbed the New College Compact, in-state tuition at public two-year and four-year colleges and universities would be free for students whose families earn $125,000 or less annually, roughly 80 percent of all American families.
The remaining 20 percent of American families, the supposed rich under Clinton’s plan, would foot the bill.
Additional tax funds, interest rate cuts, repayment caps and loan forgiveness schemes would be used to make college a virtually debt-free experience.