Joe's Viewpoint: Student Loan Debt - WDAM - TV 7 - News, Weather and Sports

Joe's Viewpoint: Student Loan Debt

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A new school year is about to begin, many of the more than a million and a half students that graduated from college earlier this year are still looking for work.

Student loan debt now totals more than a trillion dollars across our country. Many graduates will be paying off this debt for decades. If we as a nation believe in education, our elected officials need to be bold in addressing this clear obstacle for many in considering higher education.

More needs to be done, like business friendly tax rates that will lead to more employment for our college graduates. Legislation to set maximum financing rates for student loans at three or four percent would be a start, as would allowing owners of current loans for college to refinance at a similar rate.
There are certainly other possibilities worth considering, but we cannot ignore this problem any longer.

 

This is today's viewpoint.