The Supreme Court laid out the only option....no, the President doesn't have powers to forgive $400-plus-billion of college loan debt.
I have three suggestions there....to go forward:
1. Set a index up on degree 'pay-back' (it wouldn't take more than a month of research by PhD folks to assemble the payscale for degrees and how they relate to your ability to pay back a loan). Then let the kids know....x-degree will have a limit of $8,000 a year for loan activity, or perhaps $25,000 a year.
Personally, unless you got a degree in science, engineering or law....I don't think you should consider more than $10,000 a year of debt.
2. Require a debt management course at every single university that takes in students who borrow money. 8-hour situation.....all-day Saturday seminar (no test) and ensure they understand.....paying back $80,000 is a awful serious issue.
3. Make public universities display the instructor to staff ratio. Publish the actual cost summary of the college..
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