01:53 GMT +320 August 2019
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    Republican presidential nominee Donald Trump speaks at a campaign rally in Reno, Nevada, US, October 5, 2016.

    Time to Rescue Millennials, College-Educated Voters From College Debt

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    Young Americans of the millennial generation and others with college degrees need urgent relief from the $1.3 trillion in accumulated tuition debt they owe, Republican presidential nominee Donald Trump said at a campaign rally in Columbus, Ohio.

    WASHINGTON (Sputnik) — Opinion polls have showed Trump trailing Democratic presidential candidate Hillary Clinton by wide margins among college-educated and younger voters of the millennial generation.

    "Americans owe $1.3 trillion in their student loans… More than auto loans, home equity," Trump stated on Thursday. "The debt should not be an albatross around their necks for the rest of their lives."

    Trump focused on his plan to remove student debt burden and pressure colleges to drastically cut their tuition costs.

    "We [are going to] lower the cost of college and solve the tuition debt crisis… We are going to work [it] out."

    Trump vowed that if elected to be the next US president he would threaten to remove tax exemption from wealthy endowments enjoyed by many US educational institutions if colleges did not use that wealth to cut their tuition costs.

    "We have a lot of power over the colleges and they're not doing the job of cost cutting because you're paying for it… We want universities to spend their endowments on their students, not on themselves."

    Trump also pledged to cut the numbers and costs of college bureaucracies and administrators that had grown in number by more than 60 percent since1993, ten times the increase in tenured faculty positions over the same period.

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