Hillary Clinton has rolled out a plan to make college affordable that her presidential campaign has dubbed the New College Compact, enabling students to pay for higher education without taking out costly student loans.

“Under the New College Compact, no student should have to borrow to pay tuition at a public college,” said Clinton on her Web site. “Schools will have to control their costs and show more accountability to their students. States will have to meet their obligation to invest in higher education. The federal government will increase its investment in education, and won’t profit off student loans. And millions with student debt will be able to refinance it at lower rates.”

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