https://www.kwch.com/content/news/Judge-orders-Betsy-DeVos-to-begin-student-loan-forgiveness-497943681.html
This is a prime subject that President Trump could champion which in the coming weeks could throw the contested congressional seats into further question. Might even become the deciding factor because it crosses into both sides and it represents debt in excess of over a trillion dollars. These are unforgivable government loans without bankruptcy protection and the interest grows to as much as 16%. Collectors would rather you default rather than pay.
I have no stake in this owing nothing because my loan was paid.
Our forefathers gave deference to this before many of the more recognized freedoms we enjoy.
Let them pay, but let them pay at a tenable rate rather than being doubled up on at an insane rate. 3% or even less is fair. Adults and their college aged children need to know that a 50 grand note won't grow to 115k.
Trump needn't follow through on this and he can just scratch the surface towards this debt but I think it could be a factor in the midterms.
This is a problem, yes. But I really wish they'd attack the source.
It's going to cost my daughter nearly $60,000 minimum to get a basic degree from an average college. That degree guarantees her nothing. And she's being taught by the most liberal, air-headed foofs imaginable. All their theories are so full of shit because so few of them have ever worked outside the academic field and know nothing about "killing what they eat." Any "liberal arts" degree is going to be essentially worthless. She is likely to leave college in four years with no truly marketable skills whatsoever. But you have to do it. Because you can't get in the door without it. Once through the door you have to start the learning process all over because NOTHING in the real world remotely resembles anything you experience in college.
I've looked. I could take the 60k we're going to spend on college, invest it and let her get a job in the field she is interested in. Four years from now, she'll have a lot of money and most likely be at the same level or higher than her peers who are leaving college broke and jobless.
Student loans are part of the problem, but they're not the real problem. The real issue is the ridiculously high cost of getting a worthless education. The whole system needs to be scrapped.