We Can Free a Generation From Burden of College Loan Debt

As Bob Hildreth writes, the rest of colleges need the will and a plan to. burden of student debt on our society, few believe we can actually get rid of it.. A slur of studies show the many ways debt is burdening our younger generations, and until recently, After all, student loans are free money for colleges.

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Elizabeth Warren's plan to forgive student-loan debt is costly, but it could. at least one major life milestone because of their student loan debt." Drew Angerer/ Getty Images. Warren's proposal is to lessen the burden on borrowers. Provide tuition-free public college to help future generations stave off.

It is a personal tragedy and a national folly to burden an entire generation with often unpayable loans simply to get an education. We all benefit from a well-educated, active population.

One thing is for certain: student loan debt is and continues to be a problem that affects nearly everyone in America in some form or fashion, and therefore it should be a collective effort to find a solution that helps train the next generation of Americans without negatively affecting their lives with huge amounts of unpayable student loan debt.

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 · For some perspective on how America let student loans get so out of control, why taking on debt is so often a mistake, and what we can do about it,

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But, like the roughly 37 million others in the U.S. saddled with $1 trillion in student debt, they may never catch up with wealthy peers who began life after college free from the burden. “We can’t.

 · Student loan debt is now the second highest consumer debt category – behind only mortgage debt – and higher than both credit cards and auto loans. According to.

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Students Borrowing More Than $25,000 Score Worse Than Debt-Free Counterparts on Quality-of-Life Measures, Even Decades Later. Even 24 years after graduation, students who borrowed more than $25,000 are less likely to enjoy their work and are less financially and physically fit than their counterparts who graduated without debt. For more recent college grads, the discrepancy is even more pronounced.

Kantrowitz said student loan debt "can be affordable," depending on the borrower’s income after college, but he added the debt-versus-income ratio varies greatly. "We. As the burden of student.

That is why we are going to make public colleges and universities tuition free, we will free generations of Americans from the outrageous burden of student.