Market Overview

Clinton To Unveil Student Loan Relief Aimed At Young Entrepreneurs

Clinton To Unveil Student Loan Relief Aimed At Young Entrepreneurs

Democrat Hillary Clinton released her "tech and innovation agenda," which included student loan relief aimed at the next generation of entrepreneurs.

As per the agenda, Clinton would "allow entrepreneurs to put their federal student loans into a special status while they get their new ventures off the ground."

"For millions of young Americans, this would mean deferment from having to make any payments on their student loans for up to three years — zero interest and zero principal — as they work through the critical start-up phase of new enterprises," the agenda read.

Related Link: Clinton Proposes 5 Ideas To Fix U.S. Economy

"Hillary will explore a similar deferment incentive not just to founders of enterprises, but to early joiners — such as the first 10 or 20 employees," the agenda added.

Further, Clinton will defer up to $17,500 of student loans after five years when young entrepreneurs decide to launch either new businesses that operate in distressed communities, or social enterprises that provide measurable social impact and benefit.

Clinton hopes the above benefits would motivate more young people to start a business who are otherwise held back by barriers like student debt and a lack of access to credit.

Posted-In: 2016 presidential election Hillary ClintonNews Education Entrepreneurship Politics Media General Best of Benzinga


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