A Quote by Dianne Feinstein
College costs continue to rise, and student loan debt threatens to price many Americans out of a college education and out of the middle class.
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The Millennial Generation is being crushed by soaring college costs and student loan debt, and as lawmakers, we must find solutions to address affordability and flexibility in higher education.
As a first-generation college student who worked my way through community college on to Cornell Law, having health insurance was not a top priority when I was starting out. I was buried in student loan debt and worried about simply making ends meet.
I think building the middle class, investing in the middle class, making college debt-free so more young people can get their education, helping people refinance their - their debt from college at a lower rate. Those are the kinds of things that will really boost the economy.
Crippling student loan debt doesn't just affect those who took out loans to get an education. It harms all of us because we can't have a healthy economy without a strong middle class to stimulate it.
Middle class families are struggling to send their sons and daughters to school. For many Americans, a college education is essential to future success.
The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we’ll have more middle-class people. But homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let you enter, and stay, in the middle class. Subsidizing the markers doesn’t produce the traits; if anything, it undermines them.
The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.
Our mission at Khan Academy is a free, world-class education for anyone, anywhere, and college readiness is a crucial part of that. We want to help as many students as possible prepare for college and for life, and since the SAT measures preparedness for college, our partnership with the College Board is a natural fit.
If we wanted a program to help the majority of the population, we'd offer loan guarantees to help poor people get access to reliable cars so that they could have a better shot at getting - and keeping - a well-paying job...A small amount of capital could make a much bigger difference in their lives than extra student loan relief for middle-class college kids would.
I don't come from a family that had the money to put me through college, so I left school with $100,000 in student loan debt.
I've said that we're going to produce real results for the American people because so many Americans feel left out and left behind, they think the economy has failed them, they think our government has failed, they can't stand the gridlock and dysfunction in our politics, and I'm determined to produce more good jobs with rising incomes, and deal with all of the concerns that families have about education, college affordability, student debt.
At a time when the average student is graduating from a four-year college $27,000 in debt, when hundreds of thousands of capable young people no longer see college as an option because of high costs and when the U.S. is falling further and further behind our economic competitors in terms of the percentage of young people graduating from college, no agreement should be passed which, over a period of years, makes a bad situation worse and will make college even less affordable than it is today.
A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt.
There are hundreds and thousands of young Americans who cannot or will not receive an education, because in order to get an education, you have to spend money. Students come out of college and universities with unbelievable debt. It's not right, it's not fair, and it's not just, in a society such as ours. And those dollars are not going to the teachers.
Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.
I was a first-generation college student. This was supposed to be the ticket to prosperity. But it wasn't. I left college with a mountain of debt and no practical skills.
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