Democrats railed against the high cost of education during the elections and proposed cutting interest rates on federal student loans in an attempt to connect with debt-laden students and their families. But so far, the Democrats haven’t come up with a clear-cut plan for following through on the promise. What’s even less apparent is how they would find the money to finance what is likely to be a hugely expensive undertaking.

“We don’t necessarily have exactly what we’re going to do nailed down,” said Drew Hammill, a spokesman for incoming Speaker Nancy Pelosi....

[Yet] if Democrats come up with a feasible plan, it will be hard for Republicans to oppose it, said Michael Dannenberg, director of the education policy program at the nonpartisan New America Foundation. The proposal “could be structured any number of ways to affect its budget cost and the need for an offset. It can be done. It is certainly an achievable goal,” Dannenberg said....