Student Loan Fiasco

Discussion in 'Around the Water Cooler' started by BlueRaiderFan, Oct 29, 2019.

  1. BlueRaiderFan

    BlueRaiderFan Hall of Famer
    Expand Collapse

    Joined:
    Oct 4, 2003
    Messages:
    5,525
    Likes Received:
    64
    Macon, Georgia — A top official in the federal student loan program resigned Thursday, calling the system "fundamentally broken." Wayne Johnson also wants billions of existing debt forgiven.

    Johnson thinks Washington should follow his lead and quit the federal student loan program.

    "Washington needs to be 100% out of the student loan business," he told CBS News, adding that not only is the system broken, it's an "insane system."

    Johnson reported directly to Education Secretary Betsy DeVos and watched student debt keep ballooning with the cost of college. In all, 42 million Americans currently have student debt. The average household owes almost $47,000.

    Trending News
    Taylor Smith graduated from Texas A&M University, owing $53,000 in student loans.

    "It just seems unconquerable. And that anxiety has just sat with me since," Smith said.

    Month by month, Smith's paying it down. But 5.4 million student borrowers are in default. Johnson has a plan to wipe away much of it.

    "$50,0000 of your federal...


    https://www.cbsnews.com/news/former...5kM3rc1n3wC-Xcq4zjcc7EaideKZfuTINIf1IvH6txzoY
     
    1 BlueRaiderFan, Oct 29, 2019
    Last edited: Oct 29, 2019
  2. MTLynn

    MTLynn Hall of Famer
    Expand Collapse

    Joined:
    Jan 27, 2003
    Messages:
    7,015
    Likes Received:
    787
    Wealthy libs want people broke and dependent on the nanny state. What better way to keep it that way than student loans?
     
    2 MTLynn, Oct 29, 2019
    Last edited: Oct 29, 2019
  3. BlueRaiderFan

    BlueRaiderFan Hall of Famer
    Expand Collapse

    Joined:
    Oct 4, 2003
    Messages:
    5,525
    Likes Received:
    64
    It's not just wealthy libs...
     

Share This Page