Upcoming Events

International | Miscellaneous

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link Mass Murder for Nothing: Lockdowns Not L... Fri Nov 27, 2020 08:30 | Jon Miltimore

offsite link State Governor Frees All Drug Dealers to... Thu Nov 26, 2020 16:30 | The Babylon Bee

offsite link China Strands $700 Million Worth of Aust... Thu Nov 26, 2020 13:00 | Bill Birtles

offsite link 100,000 of the COVID-Associated Deaths i... Thu Nov 26, 2020 12:00 | Jon Kamp

offsite link America Is on the Move! — Millions Tak... Thu Nov 26, 2020 10:00 | Business Standard

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link Maradona: the fragile god of the Global South Thu Nov 26, 2020 16:25 | amarynth
Football deity played on the global pitch non-stop, a wild life of dizzying highs and demonic lows forever in the public eye By Pepe Escobar with permission and cross-posted with

offsite link Israel Enjoys Last Weeks Of Love With Trump. Azerbaijan Controls Kalbajar District In Karabkah Thu Nov 26, 2020 14:45 | amarynth
South Front On November 25, Azerbaijani troops entered the district of Kalbajar in the Nagorno-Karabakh region. The district was handed over to Baku under the ceasefire deal reached between Armenia

offsite link Pennsylvania State Legislature Holds Public Hearing on 2020 election Thu Nov 26, 2020 01:09 | The Saker

offsite link Trump?s last hurrah?! Wed Nov 25, 2020 22:45 | The Saker
[this analysis was written for the Unz Review] There seems to be a quasi consensus that Trump will not prevail and that Biden and Harris will get into the White

offsite link Why Did RT Hire Liberals That Are Bringing Harm to Russia? (Ruslan Ostashko) Wed Nov 25, 2020 17:55 | Leo V.
Translated and captioned by Leo. Guess who started the cycle of documentaries about the ?main people of the country? on the state channel RT Russia? From the editor-in-chief of the

The Saker >>

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

Spirit of Contradiction >>

Ballooning Student Debt Debated by Presidential Hopefuls

category international | miscellaneous | press release author Friday July 05, 2019 15:44author by Kate Zeller - Jubilee USA Network Report this post to the editors

Republicans and Democrats Propose Student Loan Relief Solutions

Republicans and Democrats Propose Student Loan Relief Solutions

Washington DC - American student loan debt topped $1.6 trillion dollars this year, surpassing credit card and auto loan debt combined. More than 45 million people hold student debt, owing an average of $35,000. 20% of current borrowers are behind in student loan payments and the Brookings Institution released data that 40% of student borrowers will default by 2023.

Presidential candidates, Senators Bernie Sanders (I-VT) and Elizabeth Warren (D-MA) proposed student debt relief plans. The Sanders plan seeks to eliminate all student debt while the Warren plan offers substantial relief on a sliding income scale.

“Student debt is a cause of inequality and a challenge for our economic growth,” stated Eric LeCompte, Executive Director of the religious debt watchdog group Jubilee USA Network. “Americans need student loan relief and we also need solutions for the root causes of high student debt. We need to reign in for-profit colleges and schools that have low retention rates. Student borrowers should be able to access bankruptcy protection and we need to address the high costs of university education.”

The Trump Administration suggests there should be caps on student lending that, the White House argues, would drive the cost of college tuition down and ensure responsible lending and borrowing. In the last Congress, Representative Virginia Foxx (R-NC) sponsored the Prosper Act to stop student loans from accruing interest while students are still taking classes. Foxx's legislation would also eliminate or lower other types of federal aid or student loan relief.

"When students graduate with high debts, they don't buy homes and invest in our economy. Student debt is affecting our entire economy and we can not afford to leave this problem unaddressed," noted LeCompte. 

Related Link: http://www.jubileeusa.org
© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy