A Quote by Robert Reich

Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.

Robert Reich

Quote Topics

Allow Bankruptcy College College Graduates Companies Graduates Laws Loans Smoothly Student Student Loan Student Loans

Quote Author

Robert Reich
American - Economist
Born: June 24, 1946

Part of Obamacare eliminated the private sector financial market that engages in giving college student loans. I mean, now the federal government has taken over college student loans, so I sit back and strategically look at this and say this just cannot be happening.

Allen West

And I want to work with this Congress, to make sure Americans already burdened with student loans can reduce their monthly payments, so that student debt doesn't derail anyone's dreams.

Barack Obama

If lenders are forced to scale back student lending because private student loans are subject to bankruptcy discharge, many students will be denied access to higher education.

Trent Franks

Remember that in most cases, student loan debt is not dischargeable in bankruptcy. So you continue to pay it off anyway. Those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.

Suze Orman

After college, I was burdened with student loans to repay, no financial cushion, so I wasn't in a position to bet everything on a creative-writing career - neither the writing-workshop academia life nor the freelance-writer version, trying to scrape by on short stories and house-painting gigs.

Chris Pavone

Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It’s a trap for the rest of your life because the laws are designed so that you can’t get out of it. If a business, say, gets in too much debt it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.

Noam Chomsky

Debt is a trap, especially student debt, which is enormous, far larger than credit card debt. It's a trap for the rest of your life because the laws are designed so that you can't get out of it. If a business, say, gets in too much debt, it can declare bankruptcy, but individuals can almost never be relieved of student debt through bankruptcy.

Noam Chomsky

Normally, if someone goes bankrupt, you wipe out the debt and get a fresh start. But that's not permitted with student loans. So the effect is to impoverish many graduates with very high debts.

Michael Hudson

Better educating our college students on the risks of high student debt and helping them to find alternatives to taking out student loans would help make the difference to their financial future.

Darryl Glenn

Profiting from student loans is usury, and we just can't continue to allow it.

Pramila Jayapal

If you have a student who graduates from college and they don't have a job, they are now able to stay on their family health plan.

Jack Lew

If there were no government-guaranteed student loans, college tuition would be much lower.

Gary Johnson

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.

Bernie Sanders

It's crucial to understand that as a society, we can reorganize. We can reorganize socially, politically, and economically, and we can reorganize according to our values.