"Alleviate burdens of existing student loan debt, ensuring no student pays more than their income allows. Reform the student loan and repayment process to ensure that payment is not expected until the investment of higher education begins to pay off for the borrower and so that student loan debt does not impede major life choices.
"Until a borrower is earning at lest 250% of the federal poverty line, their monthly loan payment will be capped at $0 will no interest accrual on unpaid interest for three years, exempting half of unpaid interest after three years. This is not a deferred payment. The payment amount is $0.
"Once the borrower is earning above 250% of the federal poverty line, they will not pay more than 10% of their qualified income each month. Qualified income referring to adjusted gross income with an amount equivalent to 250% of the federal poverty line exempted.
"After 240 monthly payments (including any where the repayment amount was capped at $0), the borrower will receive a non-taxable forgiveness of any remaining amount.
"All loans will have an interest accumulation cap relative to the borrowed amount to limit lifetime increase in the loan to 50%, and any balance in excess of that will be forgiven."
Source: Candidate's Website 2019