General Discussion
In reply to the discussion: Forgiving Student Loans..... [View all]appalachiablue
(41,131 posts)harmed at a young age, prevented from marrying, starting families, owning homes and beginning companies.
Two plus generations ago, young Americans weren't saddled with public college loan debt. It began with Reagan in the 1980s and excess financialization of the economy- the tuition cost ratio went from 80% carried by schools/state tax revenue and 20% by families, to the opposite- 80% cost to families and 20% paid by state taxes.
Countries benefit greatly from an educated and healthy young generation and workforce. Figure out how to pay down loans and lower costs to free up young Americans so they can contribute to society and have a chance to get ahead.
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>'We Are Crushing the Next Generation': Young Millennials Saddled With $1,005,000,000,000 in Student Debt," Common Dreams, Feb. 25, 2019. https://www.commondreams.org/news/2019/02/25/we-are-crushing-next-generation-young-millennials-saddled-1005000000000-student-debt