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Sen. Warren leads fight to reform student debt

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Posted: Sunday, April 27, 2014 7:00 pm

As commencement season approaches, graduating students will soon hear words of wisdom from speakers offering experience, advice and inspiration. One thing they’re not likely to hear about is the $1.08 trillion elephant on the quad — our nation’s student debt crisis.

That is how much U.S. households are estimated to owe in student loans, twice as much as in 2007. In fact, student debt now exceeds credit-card debt, putting millions of families at risk of bankruptcy. Forty percent of households headed by someone under the age of 35 are saddled with student debt and unable to buy homes, raise families and secure their futures. This doesn’t just hold back individuals — it holds back our economic recovery. Meanwhile, Congress manufactures false debt crises instead of solving this very real one.

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1 comment:

  • Lilly Kingston posted at 5:43 am on Fri, May 2, 2014.

    lannyscram Posts: 1

    Many students start searching a spin-off job in order to cover their loan and this is great solutiob. There are many great opportunities to earn money and to save personal time. There are also other ways to get money while saving your free time and unsecured personal online loans will be helpful in some cases. You will have a chance to get what you want now and to pay for it afterwards.

     

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