Please extend these solutions to PLUS loans. Borrowed in 2005-2008 for my daughter’s education. She graduated in 09, I’ve kept current with payments but owe more than I borrowed.
#StudentDebt is a crisis that doesn’t lack solutions. Just leadership. 3 things we could do immediately:
1) 0% interest on fed loans
2) Allow refinancing
3) Let employers help tax free
It’d mean more money to buy a home, start a family, or launch your own business.https://twitter.com/business/status/1099308956021915649 …
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This!!! We will be in a nursing home still paying on our PLUS loans! I’m so glad they got their degrees but they have student loan debt too. The costs of college have just gone up so much.
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The privatization of SallieMae in the 90's & the disputes of frivolous student loans from banks have created a racket for inflation on the banks behalf. Could the student loan debt bubble burst with the banks causing another recession or would USA give the banks another bailout?
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The banks would get a bailout. The students, not so much.
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As long as higher education is a "for debt" business creating indentured servants and not a life-long right the crisis will get worse.
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1) The cost of education will rise to the available capital. 2) Refinancing will provide more capital for 1). 3) Employers will "tie" student employees to the job as a condition of paying for tuition (indentured servitude).
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This would be great if there weren’t so many loop holes to PSLF. I signed up, made my payments on pay days, (paid a little extra when I could) and when I checked in to see how my status, I was told the majority of my payments didn’t count. Overpaying affected 1/
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Yes- I am a teacher, and it will take me the entire 30 years of my career to finish paying back my student loans. I will never make over $70K in my chosen profession, though I was required to get a Master’s degree. We can do better
#StudentDebt -
#studentdebt sucks. if you ever need help managing them we provide free debt recommendations so you can pay them off quicker! https://www.withsnowball.com/student-debt?utm_source=twitter&utm_medium=social_organic&utm_campaign=student_debt …
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