Reduce the burden of student loans. Problems to be solved – Lynn Journal
Student debt levels have actually exploded relative to other types of financial obligations over the past decade. Total university loans recently exceeded $ 1.4 trillion in the United States, up from $ 550 billion last year and just $ 90 billion in 1999. The average post-graduation level is 37,172 dollars and you can find 44 million student borrowers.
Standard prices have climbed steadily to 11.2 percent, and in case you have delinquency rates, it can reach 25%. It could limit the development of your economy and in addition cripple the advancement of an incredible number of teens in their jobs and in starting families. We have to produce an obvious course using this overwhelming financial obligation.
As president, I will.
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