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Presidential candidate Hillary Clinton was in Iowa hyping up her plan to help provide financial aid to college students with children.
Clinton’s plan would increase funding from $15 million to $250 million for a federal program that provides matching funds to states and institutions for on-campus child care. Her campaign estimates it would create 250,000 additional spaces for the children of students.
Clinton also said she would create a “SPARK College Scholarship” to help parents pay for their own higher education. It would provide up to $1,500 per year to as many as one million student parents who achieve minimum grade levels and meet other requirements, the campaign said.
Clinton is also proposing to increase access to tuition grants, allow graduates to refinance existing loans at lower interest rates, streamline income-based repayment plans and police predatory lenders.
The program would cost an estimated $350 billion over 10 years and would be paid for by capping itemized tax deductions for the wealthy.
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