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Legal & Policy Challenges »

Invest in America's future by expanding forgiveness programs for student loan borrowers

Why Is This Idea Important?: Generations will be mired in their own personal debt and disinclined or unable to address the large public debt we have now if we don't reduce education costs and help those who are struggling to pay for their education even as they are old enough to retire!

A huge percentage of Americans are/will be saddled with crippling student loan debt from skyrocketing education costs. Public work forgiveness programs are filled with loopholes that exclude those who have borrowed significant amounts and who have been paying for a longer time. We are creating a society of permanent indebtedness which prevents all but the very rich and very poor from exploring careers in less than profitable, but vital liberal arts. if we cannot reduce education costs then we must help students to bear this burden. If we can't expand forgiveness programs, then we should consider all borrowers to deduct the full amount of interest accrued on their loans as we do for homeowners.

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Submitted by jillrsevern 2 years ago

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Comments (2)

  1. Bill Michtom said:

    Guaranteed student loans are a scam for banks. About 30 years ago the majority of student funding was grants. Today, it is almost all loans.

    We should be funding education through at least 4-year colleges.

    Especially over the last 8 years, fewer and fewer students can afford college. This damages our entire country.

    2 years ago
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  2. Bryan Rosander said:

    Guaranteed funding for college education will drastically lower its quality. As it is, we have many artists who are already producing without college education.

    Education costs are better reduced through disruptive education, like YouTube, blogs, and collaborative communities.

    2 years ago
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