As a Ph.D. student working on my dissertation, I have spent now 15 years in college and grad school. During that time I have amassed over 100,000 dollars in student loan debt. I am not alone. It is very common for individuals, particularly those who attend graduate school to rack up a massive amount of debt. What we typically do is consolidate that debt so that monthly payments are as slim as possible. But we are still burdened by the crushing costs of our debt. What we need is student loan debt forgiveness. That's what the Forgive Student Loan Debt has started at www.forgivestudentloandebt.com, where 193,500 members want the government to spend $550-$600 billion necessary 2 completely cancel all student debt.
The issue of forgiving the debt of student loans has in fact become far more pressing. Because of the horrible nature of our economy debt consolidation has become rare.
Fewer and fewer companies are consolidating student loan debt, and the consolidations offered are doing less for the person in debt. This is rather crippling. Because of the absurdly high cost of a college education in the United States, the vast majority of students must take out many loans of very large amounts. Their only hope of avoiding financial ruin when they finish school is to get a very good debt consolidation deal.
This is were it would make sense to forgive student loan debt and make it beneficial. If debt consolidation for student loans continues to wane, more and more people will go bankrupt, lose homes, and face utter financial ruin. This is not merely a matter of pain and suffering for these unfortunate individuals either. The more individuals that fail financially, the more the country fails. And since the vast majority of Americans now attend some form of college and the vast majority of college students have to take out a very high amount of loans, it follows that a large number of people are effected by this.
In light of all of this, I submit that it is for the economic good of the nation that Forgiveness of student loan debt is a key element in saving the economic fate of the nation. With Consolidation at a low point, student loan forgiveness is essential to helping your average person who may buy a home, a car, or luxury goods on the market. Student Loan forgiveness will empower the average buyer to purchase, the economy will be on its way to healing. Therefore, it does make sense to forgive student loan debt as part of the bailouts that are occurring to help the economy.
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The issue of forgiving the debt of student loans has in fact become far more pressing. Because of the horrible nature of our economy debt consolidation has become rare.
Fewer and fewer companies are consolidating student loan debt, and the consolidations offered are doing less for the person in debt. This is rather crippling. Because of the absurdly high cost of a college education in the United States, the vast majority of students must take out many loans of very large amounts. Their only hope of avoiding financial ruin when they finish school is to get a very good debt consolidation deal.
This is were it would make sense to forgive student loan debt and make it beneficial. If debt consolidation for student loans continues to wane, more and more people will go bankrupt, lose homes, and face utter financial ruin. This is not merely a matter of pain and suffering for these unfortunate individuals either. The more individuals that fail financially, the more the country fails. And since the vast majority of Americans now attend some form of college and the vast majority of college students have to take out a very high amount of loans, it follows that a large number of people are effected by this.
In light of all of this, I submit that it is for the economic good of the nation that Forgiveness of student loan debt is a key element in saving the economic fate of the nation. With Consolidation at a low point, student loan forgiveness is essential to helping your average person who may buy a home, a car, or luxury goods on the market. Student Loan forgiveness will empower the average buyer to purchase, the economy will be on its way to healing. Therefore, it does make sense to forgive student loan debt as part of the bailouts that are occurring to help the economy.
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