Democratic presidential candidate Bernie Sanders has proposed wiping out all college debt for 45-million Americans, but Iowa Republican Senator Chuck Grassley says the legislation offered by the Vermont senator is at first glance impractical, and also contrary to what Sanders is fighting for:
OC………trying to help. :20
Grassley says his own legislation would tackle the problem Sanders is trying to address.
He says he met a few years ago with then-University of Iowa president Sally Mason, who detailed how the average U-I student was graduating with 29-thousand dollars in debt.
OC………”that requirement” :15
Under that measure, Grassley says students would only be encouraged to borrow what they’d need for tuition, books, fees, and room and board — and not the thousands of dollars more.
OC……….”skin in the game” :15
Sanders’ bill, called the College For All Act, would wipe out one-point-six billion dollars in debt.
Sanders has said the rationale is, without that debt, college graduates could spend their earnings on other things — like houses — that would stimulate the economy.
Contributed by Radio Iowa
