A Viewer Comments: Interesting tidbit: Does this look familiar? The student loan levels - mainly due to subsidies and exorbitant college spending- are looking similar to mortgage loans in 2007-2008. The ROI (return on investment) just isn't there anymore. Another white elephant handed to the Trump administration from Barry Obama and friends. Why not blame this on the Russian's, too?
It's the $1.4 trillion elephant in the room. That's the amount 44 million Americans owe on their federal student loans for higher education. That ever-growing amount of debt is creating a huge drag on the larger economy — with delayed purchases of homes and cars because buyers can't qualify for additional loans and young people still hanging out in their parents' basements because they can't afford to strike out on their own. And President Donald Trump's budget, unveiled on Tuesday, proposes to end subsidized interest on student loans and cancel a program known as public service loan forgiveness. Don't despair, though. If you find yourself falling behind, there are steps you can take and we show you how.
1 comment:
Lowering the cost of these loans would allow them to spend more, boosting the economy.
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