August 8, 2019 By Dave Ball
Student loan debt has been a major topic of discussion during the current Democratic Presidential debates. Student loans are a $1.5 trillion problem. Democratic proposals all center on loan forgiveness and free college. Democrats know no other response than to throw huge piles of money at symptoms while ignoring the underlying problem. We need to talk about real solutions.
Currently there are 44 million people with outstanding student loans. Student loans are the second largest form of debt after mortgages. The Institute for College Access and Success has stated that members of the class of 2017 owe an average $28,650. There are over five million loans delinquent and 5.1 million loans in default.
How does one address such a pervasive problem?
Why it is necessary to go to college in the first place? We are told it is necessary to prepare for a productive life in the working world, to attain the skills needed to compete in an increasingly complicated business environment...........To Read More....
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