Bloomberg’s plan to tackle the $1.7 trillion student loan crisis
Michael Bloomberg, billionaire and former mayor of New York, is the latest Democratic presidential candidate to turn his attention to the country’s $1.7 trillion outstanding student loan balance.
“At its best, higher education serves as an engine of economic mobility and a pathway to the middle class,” the 78-year-old wrote in his $700 million proposalreleased this week. “Our system is not…
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