All we hear from the politician whom we have elected is health care reform, bailouts and free trade and wars etc. What about the bailout of the students in form of student loan reform. The students are not asking for a handout but real policies where they can work and earn a living and pay off their debt and bills.
It is assumed that since the students after graduating will be earning enough to pay for the loans so it is not wise to bail them out. Well as I have said countless of times, this economy has been ruthless to every body and if you don’t have a job creation growth, how are these poor souls be able to pay off their debt. Their families are not rich and they are not either to ride out this economy. These students are really struggling but I have not seen any decent or workable reform to reach out and fix this debt problem. I can understand that there maybe some students who were ill informed and took out loans against college degrees which will not be able to pay them decent salaries or they choose schools which were hopelessly expensive for them to afford. But most of them thought that they will be able to get jobs to pay for all the students’ loans that they have accumulated but the shock they are experiencing right now is nothing short of devastating. We need to make policies where these students can find decent jobs and also for people who have lost their jobs after a long time and are new to the market. If the job market does not improve then there is no recovery whatever the economists may come to think otherwise.
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