EXETER, N.H. – Hillary Clinton has a $350 billion plan to fix the country’s student loan problems.

And she wants to take the money out of the pockets of the nation’s wealthy to pay for it.

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“The Democratic presidential candidate wants state and federal governments to increase their funding for students at certain public colleges while also allowing existing borrowers to refinance their high-rate loans and enroll in plans that limit payments to 10 percent of their income,” The Huffington Post reports.

“Her plan wouldn’t increase the national debt – a concern that’s less urgent when the government can borrow at current near-historically low interest rates – because she’d limit tax deductions for high-income earners to pay for it.”

The proposal, unveiled today at a campaign stop in Exeter, New Hampshire, would require approval from the Republican-controlled Congress and support from states to become viable.

The plan would require families to contribute a “realistic” amount toward their child’s college education, and would require students to work 10 hours per week toward their tuition expenses, with the goal of graduating debt-free students, The New York Times reports.

About $175 billion of the $350 billion would go to states that vow to help students graduate from four-year public colleges or universities without having to take out student loans. States that receive the money would also have to promise to increase education funding over time, according to the site.

“Mrs. Clinton … would also allow Americans to refinance private loans at lower interest rates; let students use their Pell Grants fully for living expenses; expand the AmeriCorps national service program, which provides and education benefit and was started by President Clinton, to 250,000 members from 75,000 members; and impose penalties on colleges whose graduates cannot repay their loans,” the Times reports.

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The Post reports the proposal “borrows heavily from the Obama administration” but with a stronger focus on cutting out companies that help process monthly loan payments that “cost taxpayers $2 billion a year.”

One proposal in the plan, for example, would allow graduates to repay loans through direct deductions from their paychecks.

Another would cut out profits on student loans currently collected by the federal government – “the difference between the sky-high rates that borrowers pay on their loans and what the federal government pays to refinance those loans,” according to the Huffington Post.

Clinton’s student loan proposal is essentially a step or two short of proposals offered by other Democratic contenders for president that essentially equate to a free college giveaway that’s shouldered mostly by the government.

“(Vermont Sen. Bernie) Sanders has proposed spending about $47 billion a year to end public college tuition, with another $23 billion a year coming from states; (former Maryland Gov. Martin) O’Malley has proposed his own debt-free plan, though a campaign spokesman said there was not cost estimate yet,” according to the Times.

Education advisor Robert Shireman told the news site he offered his expertise to Clinton to help formulate her plan, and he thinks would get serious consideration in Congress, despite Republicans’ aversion to tax increases.

“There is a lot of bipartisan interest in issues of college affordability, and bipartisan support for Pell Grants, student loans and other federal programs,” Shierman said. “The compact proposed by Hillary Clinton is a strong starting point for a discussion that zeros in on the issues that are in the public mind and have been raised by leaders of both parties: accountability, outcomes, college costs, and manageable loan repayment.”

Republican lawmakers, however, don’t seem sold on Clinton’s proposal. Senate education committee Chairman Lamar Alexander and others have argued tuition is fairly affordable as it is, and cases of massive student debts are not the norm.

“Members of the Senate education committee are working on a plan to help students graduate more quickly with less debt,” a Republican aide told Politico. “Students, taxpayers and voters should react with great skepticism to any proposals that would amount to a Washington takeover of higher education and jeopardize the autonomy and independence that has made our higher education system the best in the world. These kinds of ideas usually go hand in hand with higher state taxes, increased costs and fewer choices.”