Hillary Clinton said during the debate that as president, tuition at public colleges and universities would be free for students from households earning up to $125,000, as part of a far-reaching $450 billion higher education plan.
So how would she pay for that?
Clinton’s campaign has said the candidate would reinstitute Ronald Reagan-era cuts on itemized tax deductions for high-income families. The Democratic nominee initially proposed a $350 billion plan, dubbed the New College Compact, that would provide money to states that guarantee “no-loan” tuition at four-year public universities and community colleges.
States that enroll a high number of low- and middle-income students would receive more money, as would those that work with schools to reduce living expenses. Clinton is also promising to let students and parents refinance education loans to lower their interest rates.
As her campaign has wore on, Clinton expanded the tuition plan, adding another $100 billion to the tab. As it stands, Clinton would roll out the tuition plan on a sliding scale:
Initially, students from families making $85,000 a year or less could attend a four-year public college or university tuition-free. Then, the income threshold will increase by $10,000 a year over the next four years, so that by 2021 all students with a family income of $125,000 or less could pay no tuition.