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Student loan debt is out of control and has left many young people burdened with enormous monthly payments, hindering their career choices & making it more difficult to buy a home. https://www.hudsonvalley360.com/article/help-students-afford-college …
We need to focus on reforming student debt by having interest rates on student loans mirror the Treasury rate, stop charging interest while students are in college & offer more programs for student-loan forgiveness in exchange for public service.
We should have stricter caps on interest rates as well as increased oversight of predatory loan companies. I just had a call with Sallie Mae after I realized they raised my monthly payments by nearly $100 over the past few months. They claimed it was for a program I “qualified”
For but they never told me that would be a result. They’ve also raised my interest rates to double digits. I’m glad to see attention being brought to this, and I really hope congress can get something comprehensive done to help students.
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