The Looming Student Debt Crisis

Just as cumulative debts can affect the economy as a whole, higher education creates a wide range of benefits shared by all people of society. For example, college graduates tend to pay more taxes and a more healthy lifestyle. This means that medical costs covered by government programs are lower. Furthermore, according to statistics, citizens who acquired a university degree have a lower crime rate than citizens who do not have a university degree. Some of the other benefits society brings to society are not easy to quantify; many of the most innovative ideas, including society and technology, come from the idea of ​​the most educated ones.

In addition to the fact that there is no insurance yet, our economy and society are facing imminent problems related to student debt. Although not as great as the total mortgage debt on the eve of the 2008 financial crisis, student debt is the second most important debt category in the economy. Most of them were due to what I learned to acquire a degree at a profitable university and their graduates were very poor at high paid work. This means that many of these loans will default. At the same time, even those looking for work will delay the formation of new homes, home purchases and other developments related to economic growth and prosperity. Suppose Mr. Trump sends a tweet.

Martin Smith: The debt of students is the biggest concern in today's parliament, concern about the imminent crisis of the subprime mortgage crisis in the future is rising. This is not an easy thing. Excellent student loans of all university departments are nearly equivalent to the total credit card debt of the United States is about 750 billion dollars. On behalf of GEORGE MILLER (D - CA), Chmn. , Cmte. About education and labor: This reminds us where we were two years ago. Because there are no fraudulent loans and doctor loans in the housing market, we began accepting people who can not prove income and can not prove employment. Million Dollar House

We are in the middle of a debt crisis of student loans. College tuition is increasing with group student loan debt of $ 1.3 billion. In the beginning of 2016, we discovered that we are American college graduates. The spirit of money reported in 2016, 73% of college graduates and juniors said they would graduate with an average student loan of $ 32,000. It is no wonder that university education and student loan debt repayment is one of the most important issues in the election in 2016. We listened to this at the campaign at Bernie Sanders and promised to offer students tuition for free for everyone. I heard that Hillary Clinton is promoting debt repayment of student loans, Hillary Clinton recently announced a student loan exemption program, Donald Trump commented on student loans, but still outlining a detailed policy has been announced Absent