Should we cancel student debt ??? If not, then what? What should a good Congress and a good President do about it? The majority wants the debt canceled. It would immediately grow US Economy & make life better for young adults. Experts say-—only real solution to the $1.75 Trillion in debt accumulation But, is it fair? When he held the office, President Trump had his own simplified explanation for the student debt crisis from both a student and parent perspective: "They go, and they work, and they take loans, and they're borrowed up, and they can't breathe, and they get through college and the worst thing is, they go through that whole process and they don't have any job."
That is just about a perfect explanation for why millennials are millennials. But it is worse than that-- when the US system hurts them, our best and brightest lose hope and that hurts us all. There must be a better way But it must be fair.
Many have excoriated the Obama Administration and government officials and coffee-breath professors in academe for making it far worse for college graduates. They all make money on the student loan program. Here is a quote from the past president: "You know the one program that the U.S. makes a whole lot of money with is student loans, and that's maybe the one program they shouldn't be making money with… "So, we're going to have to start a program," he said. "We're going to do something very big with loans because you have to get these people going. They really feel down and out." The recommendations in this book is the way!
Every president has spoken about solving America's problem with rip-off loan sharks and a government that makes big money off the backs of student borrowers. But none have followed through with a real solution. Ironically, the one who said he would help is hated by the very young Americans that he speaks about helping. By helping young Americans, the former president would be the first to admit his action would grow the US Economy big time. l.
College graduates and those former students not fortunate enough to complete their degrees need all the help they can get to claw their way out of huge college debt. Your author as a professor and as a father with children understands student debt. He feels the pain of America's indebted young adults. His children also feel the pain. Kelly has analyzed the plight and the torment felt by today's millennials. Besides recommending a great solution and a do-again, this book also examines other ways to solve the problem including refinancing, extending, and providing better payment plans as well as getting universities to put more skin in the game.
This book addresses the massive $1.75 (2022) Trillion student debt on the books and it presents a boldly unique plan to assure that students with loans have a chance for success—a job in their field of study. Isn't it about time? This book tells you how it can be done. You won't be able to put this book down before you know what you can do to help those with student debt be able to afford homes and start families and live the life of real Americans and not indentured servants. Any other president would make this a political football. A good President will solve it!
