BILLIONAIRE MIKE BLOOMBERG’S presidential campaign is planning to release a higher education plan on Tuesday that pledges to make community college free, increase subsidies for low-income students, and end the practice of legacy admissions — but falls far short of what much of the Democratic pack has so far laid out on the campaign trail.
The plan also goes backward in some places and would also slash the benefits borrowers receive under an income-driven student loan repayment program, capping the amount that can be forgiven after 20 years for people in income-driven repayment plans. Currently, there is no cap.
The plan also includes an apprenticeship proposal that is geared to the private industry, which is likely to anger union leaders.
The Bloomberg plan is scheduled for public release at 9 a.m. on Tuesday but was leaked to a rival campaign by multiple Bloomberg staffers, which then provided it to The Intercept. (Bloomberg may be able to hire thousands of party operatives, but he apparently can’t buy all of their loyalty.)