The U.S. student debt crisis impacts over 40 million Americans, with $1.7 trillion in student loans still owed, most to the federal government. The Biden administration has forgiven $127 billion in debt through programs like public service loan forgiveness, income-driven repayment plans, and aid for students defrauded by private colleges. Concerns arise about loan forgiveness fairness and its impact on personal responsibility. Proposed solutions include ending federal student loans and creating merit-based scholarships for STEM fields. These reforms aim to reduce student debt, promote responsible borrowing, and prepare graduates for high-demand careers, easing the financial strain on younger generations.
How do you think the Trump Administration will handle the issue of rising student loan debt?
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ABOUT COMMON SENSE FOR AMERICA:
Common Sense For America brings history and facts together to inspire non-partisan, common sense solutions to America's biggest challenges. Inspired by Common Sense a pamphlet written by Thomas Paine, 1776, Bruce Rutherford, political commentator and educator, dissects U.S. history, American finance, and global affairs, and shares insights in everyday language.
Thomas Paine's Common Sense argues that concentrated political power, whether in a monarchy or elite class, is unjust and undermines democracy. Like with Common Sense, we advocate for a government accountable to the people, emphasizing transparency, representation, and checks on power.
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