The 2016 Presidential Candidates' Plans For A $1.3 Trillion Issue: What Entrepreneurs Need To Know

$ 1.3 trillion.

40 million Americans.

$ 35,000.

$ 1.3 trillion in outstanding student loans, student loans, with an average of $ 35,000 in college is going to affect 40 million Americans, these numbers are growing ever associated with the issue of massive student loan debt in the United States.

Student debt has become a numbers represent the number of millennials generation in the United States, and now 92 million, is enough to knock a significant financial concerns

Accordingly, the upcoming presidential elections in student loan debt November Not surprisingly, all that has become a key issue.

My company, CommonBond, mainly through financing, a fintech company focused on increasing the cost of student loans. Hillary Clinton and Donald trumpet - - Student loan debt is on the issue of addressing the major party candidates here each plan.

Clinton's plan #Hillary
The current student loan borrowers, future student loans, borrowers creators, Clinton was referring to three groups: "The New College of the potential of" a detailed plan. Here she is planning a fall of each group would be affected.

Current Student loans, borrowers

Currently, those who hold student debt, Clinton's plan to reduce the financial burden of the government in helping a student loan through inclusive initiative focuses heavily on the responsibility:

Student loan payments on a three-month moratorium E Instating: Clinton these loan lenders and the federal government to consolidate and income-oriented opportunity to register all federal loans, borrowers have to pay a student loan payments on the loan promised to establish a plan for a three-month moratorium E.
Income-oriented Failed (IBR) plan to restrict, based on income and family size of government IBR plan, the amount of money each month on their way toward a student loan. Clinton's plan the borrower's monthly income, 15% reduction from the current cap of 10% of all involves restricting IBR plan.
Finance: Clinton plan (some people refinance current federal student loans in the current interest rate means lower interest rate than they were when they first loan) borrowers. New College was a relief to go from approximately one-third interest from potential student debt funds. (This is not to reduce the interest rate on student loans, but only reinforcing) Student Loan Finance is currently not an option for the federal government, private lenders who offer financing options with student debt. You can save thousands of dollars by lenders and finance.

Future Student loans, borrowers

New College from the future potential of the college, for, Clinton offered to eligible students a debt-free or completely free from college. The plan whose families make more than $ 125,000 a year in state residents to free college for all four-year public universities in the next five years.

Students in the school and vocational skills to contribute to the cost of the building was required to work more than 10 hours a week, and lowering the cost of colleges to complete and will be responsible for the improvement, both students and colleges need to have skin in the game and learning outcomes for students.

Entrepreneurs With student debt

David Klein, in CONTRIBUTOR
I write about fintech, job creation and student debt.

Forbes contribute their own views are expressed.

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Hillary: Bloomberg meleketi--AP $ 1.3 trillion.

40 million Americans.

$ 35,000.

$ 1.3 trillion in outstanding student loans, student loans, with an average of $ 35,000 in college is going to affect 40 million Americans, these numbers are growing ever associated with the issue of massive student loan debt in the United States.

Student debt has become a numbers represent the number of millennials generation in the United States, and now 92 million, is enough to knock a significant financial concerns

Accordingly, the upcoming presidential elections in student loan debt November Not surprisingly, all that has become a key issue.

My company, CommonBond, mainly through financing, a fintech company focused on increasing the cost of student loans. Hillary Clinton and Donald trumpet - - Student loan debt is on the issue of addressing the major party candidates here each plan.

Hillary Clinton plans

The current student loan borrowers, future student loans, borrowers creators, Clinton was referring to three groups: "The New College of the potential of" a detailed plan. Here she is planning a fall of each group would be affected.

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The current student loan borrowers

Currently, those who hold student debt, Clinton's plan to reduce the financial burden of the government in helping a student loan through inclusive initiative focuses heavily on the responsibility:

Student loan payments on a three-month moratorium E Instating: Clinton these loan lenders and the federal government to consolidate and income-oriented opportunity to register all federal loans, borrowers have to pay a student loan payments on the loan promised to establish a plan for a three-month moratorium E.
Income-oriented Failed (IBR) plan to restrict, based on income and family size of government IBR plan, the amount of money each month on their way toward a student loan. Clinton's plan the borrower's monthly income, 15% reduction from the current cap of 10% of all involves restricting IBR plan.
Finance: Clinton plan (some people refinance current federal student loans in the current interest rate means lower interest rate than they were when they first loan) borrowers. New College was a relief to go from approximately one-third interest from potential student debt funds. (This is not to reduce the interest rate on student loans, but only reinforcing) Student Loan Finance is currently not an option for the federal government, private lenders who offer financing options with student debt. You can save thousands of dollars by lenders and finance.
Future student loans, borrowers

New College from the future potential of the college, for, Clinton offered to eligible students a debt-free or completely free from college. The plan whose families make more than $ 125,000 a year in state residents to free college for all four-year public universities in the next five years.

Students in the school and vocational skills to contribute to the cost of the building was required to work more than 10 hours a week, and lowering the cost of colleges to complete and will be responsible for the improvement, both students and colleges need to have skin in the game and learning outcomes for students.

Entrepreneurs With student debt

State University of Pennsylvania in Philadelphia Federal Reserve Bank report released last year, were created by small businesses owned by the creators of simplicity, less debt, especially in the United States increased student found a strong relationship between debt and economic innovation.

Student myself, I had to make a decision at the beginning of the story, as I am an entrepreneur company with debt, and student loan payments come due soon, but keep building the company, or in order to "secure" life's work to stop the start-up student loan repayment generate certainty. I am a former (my faith in the company were particularly strong) selected, but all is one.

They start a venture to three years, while the creators of the young creators, without interest, for their federal student loan payments would allow the other is connected to the Clinton plan. In addition, those who create new businesses in distressed communities in the student loan forgiveness of up to $ 17,500 after five years would be eligible.

Overall, Clinton's plan, according to The Wall Street Journal cited statements made on the campaign, ten years is expected to cost more than $ 500 billion.

Donald Trumpet plan

He is a trumpet student loans in "very large" announced one wants to do. Beyond that, he has not divulged much. A college student request a Town Hall event on inflation, he said, "We are a really takes to look", and what to do with him, "does not apply to the cost of college," he said, according to informed, "Extensions and with a low interest rate something. "

Candidate withdrew plans and ideas, one thing is clear: student loan debt has a very real impact on millennials' life. As a group, millennials is poised to influence the election this year. Student debt policy, millennials (else) in this election will be in a stronger position to advocate for their financial future by understanding the implications.