Alternative Plan: A Look at Trump's Student Debt Proposal and Whether It Can Work

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Alternative Plan: A Look at Trump's Student Debt Proposal and Whether It Can Work

Jan, 27th 2017

President Trump has a pretty good idea. Although he hasn’t raised the issue since the November election, Trump tackled the growing problem of student debt while on the campaign trail. About 44 million Americans hold roughly $1.4 trillion in student loans — more than is owed for credit cards.

“Students should not be asked to pay more on the debt than they can afford,” Trump said during an October appearance in Columbus, Ohio. “And the debt should not be an albatross around their necks for the rest of their lives.”

His solution: Capping annual student-loan payments at 12.5% of income. After 15 years, whatever’s still outstanding would be forgiven.

As is rapidly becoming clear, Trump said a number of things while running for office that — how shall we put...

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