A Quote by Elise Stefanik
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.
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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.
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.
Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.
That issue of student debt and college affordability is probably what I would say reinforced that I was a Democrat.
Student loan debt is certainly not a fitting topic for a commencement speech, but it's an issue we must confront - not only for thousands of college graduates who deserve a fair shot, but also for our economy.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
We must fundamentally restructure our student loan program. It makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.
As a first-generation college student, I know the hurdles that far too many people face in accessing quality, affordable higher education.
We call for a bailout for an entire generation that is basically held hostage by unpayable student-loan debt.
Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt. ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs.
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.
As our nation's student debt crisis has reached a breaking point, we've been hearing lots of talk about student loan forgiveness. It's taken me 20 years to forgive myself for my loan - and just as long to pay it off.
Student debt in the US has exploded in the past decade. One of the reason is that the private costs of attending college have risen sharply, with public higher education funding having been cut sharply. Average public funding per student was 15 percent lower in 2015 than in 2008, and 20 percent lower than in 1990. The burden of the public funding cuts has been worsened by the stagnation of average family incomes. By 2014, this figure had nearly doubled, to 35 percent of median household income.
Learn how to prioritize all your debt. And did you know student loan debt is the most dangerous debt any of us can have?
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.
Without the jobs being available to enable them to repay that [student-loan] debt in the course of their financial lifetimes, basically.We maintain that, yes, that's a significant chunk of change - it's $1.3 trillion - but what investment is more worth making than in a generation that does not have a future?
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