Clinton proposes debt forgiveness to young entrepreneurs

Hillary Clinton takes a photo with a supporter during a campaign stop in Bowling Green, Kentucky. (Austin Anthony, Daily News via AP)
Hillary Clinton takes a photo with a supporter during a campaign stop in Bowling Green, Kentucky. (Austin Anthony, Daily News via AP)

Denver - Hillary Clinton on Tuesday proposed letting entrepreneurs defer making student loan payments in order to create jobs and stimulate growth.

"We need more job creators and we need more young people starting businesses," the presumptive Democratic nominee told a crowd of coders inside a Denver tech incubator that houses several start-ups. She was on a brief campaign swing through the battleground state of Colorado.

Clinton was looking to showcase her economic chops and woo young voters who flocked to the candidacy of her primary rival, Senator Bernie Sanders.

She proposed permitting start-up founders and early employees to forgo payments on their federal student loans for up to three years. Those who launch businesses that provide social benefits would also be permitted to apply for forgiveness of up to $17 500 of their debt after five years.

Clinton also called for connecting every household to high-speed internet by 2020 and training 50 000 new computer science teachers.

She spent time chatting with one start-up that created an internet platform for commodity sellers in East Africa, talking about how hard it is for subsistence farmers to survive when they don't know what price they can fetch for their crops.

She also took a swipe at her likely Republican opponent, Donald Trump, by quoting his slogan "Make American Great Again." She called it "code for saying you want to go back to what it used to be....That is not who we are as Americans. We don't want to go back - we go forward".


We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
Who do you think is going to win the 2020 US election?
Please select an option Oops! Something went wrong, please try again later.
Results
Biden is going to take it
47% - 10286 votes
It's four more years for Trump
53% - 11503 votes
Vote
ZAR/USD
16.39
(-0.33)
ZAR/GBP
21.19
(+0.32)
ZAR/EUR
19.14
(+0.48)
ZAR/AUD
11.52
(+0.22)
ZAR/JPY
0.16
(+0.13)
Gold
1866.00
(-0.69)
Silver
23.20
(-0.88)
Platinum
848.00
(-2.47)
Brent Crude
39.48
(-4.73)
Palladium
2195.50
(-2.58)
All Share
51896.97
(-0.79)
Top 40
47576.46
(-0.74)
Financial 15
9756.70
(-2.69)
Industrial 25
72681.12
(-0.25)
Resource 10
47826.96
(-0.63)
All JSE data delayed by at least 15 minutes morningstar logo