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The Saker
A bird's eye view of the vineyard

offsite link President Putin?s Interview with Oliver Stone Mon Jul 22, 2019 01:54 | Scott
Vladimir Putin answered questions from American film director, screenwriter and producer Oliver Stone. The interview was recorded on June 19, 2019 in the Kremlin Oliver Stone: So, I interviewed Mr Medvedchuk. It was in Monte Carlo. He gave

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https://www.presstv.com/Det... In this undated file picture, the Secretary General of the Lebanese Hezbollah resistance movement, Sayyed Hassan Nasrallah (R) meets with Iranian parliament speaker’s special advisor on international affairs, Hossein

offsite link Moveable Feast Cafe 2019/07/20 ? Open Thread Sat Jul 20, 2019 05:30 | Herb Swanson
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offsite link Russia Shutters Georgian Democracy Sat Jul 20, 2019 03:54 | Scott
Russia Shutters Georgian Democracy Democracy is in danger once again. The treacherous Putin regime is pressuring Georgia with sanctions, prohibiting flights between the countries and putting it under duress. Naturally,

offsite link Sergey Lavrov?s interview with the newspaper Argumenty i Fakty Thu Jul 18, 2019 19:00 | Scott
Foreign Minister Sergey Lavrov?s interview with the newspaper Argumenty i Fakty published on July 17, 2019 Original interview in Russian Question: Can an improvement in the relations with the United

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Human Rights in Ireland
A Blog About Human Rights

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Cedar Lounge
For lefties too stubborn to quit

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Dublin Opinion
Life should be full of strangeness, like a rich painting

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Dublin Opinion >>

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
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