SYRACUSE, N.Y. ― Sen. Charles Schumer says a new legislative package he’s promoting will put America on the path to debt-free college.
Schumer was at the Syracuse University campus on Monday to promote the package, called the RED ― Reducing Educational Debt ― Act. He said college is a necessity in today’s globally connected economy, but it’s being priced as a luxury and is breaking the bank for students and families.
Total student loan debt in the United States is now more than 1 trillion dollars.
The RED Act includes proposals to let students refinance debt at lower interest rates and attend two years of community college tuition-free.
Schumer says 9 million students across the country could benefit if all states participated in the tuition-free community college proposal.