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Student Loans: “Broken Promises and Debt Pile Up as Debt Forgiveness Goes Astray”

As indicated in my May 2, 2019 piece on the national student loan mountain of debt facing America, the Public Service Loan Forgiveness Program is where to start reforms to tackle this difficult debt problem.  The New York Times published a piece on November 28, 2019, written by Erica L. Green and Stacy Cowley, that captured the problem of the 2007 “Public Service Loan Forgiveness Program” and did a good job of articulating the problems: https://www-nytimes-com.cdn.ampproject.org/v/s/www.nytimes.com/2019/11/28/us/politics/student-loan-forgiveness.amp.html?usqp=mq331AQCKAE%3D&amp_js_v=0.1#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.nytimes.com%2F2019%2F11%2F28%2Fus%2Fpolitics%2Fstudent-loan-forgiveness.html

The bottom-line is, a program and mechanism is already in place to deal with the student loan debt problem.  But, your elected officials (Republican and Democrat) on the House Education Committee have failed you again.  Instead of spending their time monitoring and tweaking the program to enhance its effectiveness over the last 12 years, they have failed to do their jobs.  My suspicion is that as usual, they are more worried about re-election and not working together, than concerned with what is healthy for America and tackling a problem that’s front and center on the national stage.

Think about it for a moment.  Your elected party officials (democrat and republican) have had 12 years to refine and make effective a bill that’s already been passed into law on a single program – Student Loan Forgiveness. That’s more time than it took to write the Declaration of Independence (1776) to the completion of the U.S. Constitution (1787).

Would you say its extreme to suggest you just stop voting for them, and to vote for better leaders?      

Mike SeguinComment