The $1.2 Trillion student loan debt that is now growing faster than ever before. If we do not make drastic changes now. The average tuition is increasing 8% yearly and if no changes are made now will double in 9 years! I an not an economist, but simple math will tell you a public state college at $17,500 and I promise you this is a very inexpensive school in 9 years $35,000 and the 9 years after that $70,000 now times 4 years= $280,000 this looks more like an Ivy league school.
We need solutions not just the low interest rates that Congress passed that the rates keep growing every year capped at 9.25% for students and 10.5%.parent plus student loans.Congress is running student loans like a profit center with the huge profits going right back into a system that is outdated with no checks and balances.
Real solutions staring with helping our graduates who life's have already been turned up side down
My petition 1 year reinstatement allows both sides to be heard and then we can make a decision in the best interest of our Great Country.
http://petitions.moveon.org/sign/1-year-reinstatement?source=c.fwd&r_by=8341896
Please if you don't like my petition do you have a better idea?
I have no hidden agenda!
My one and only agenda is to give every child the opportunity at an affordable education and their chance to live the ...................................American Dream.
I have watched the student loan debt grow from $850 Billion in 2011 to now in 2020 has exceeded $1.7 Trillion Dollars and is now growing at over $2700 a second! Solutions start with reinstatement of Student Loan Bankruptcy ! "Trickle from the Middle Up and Down Theory" A Project of Small Business and Graduates working together to reduce student loan debt! Also Create College Based Non-Profit lender The Goal 1%-3% fixed interest rate loans. YES! there are solutions to this staggering debt!
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