Students in Library

Student Debt

The student loan program is an investment in America's future.  And its a wise investment.  We somehow managed to turn it into a profit engine for American Colleges and Universities.

Forgiving the massive student debt in this country would be a huge shot in the arm to our economy.  However, what good is forgiving the student debt if we are just going to be in the same situation 10 years down the road.  Student debt forgiveness should only be part of a complete overhaul of the system.

Do you know why it costs 70k a year to earn an English degree?  Because Universities know that ridiculous price tag doesn't exclude any potential students. Whatever they charge, people will be able to pay.  If we capped student loans to 20k per year, universities would charge their customers 20k per year.