Student Loans in America: Nope, just Debt
In 1965, President Lyndon Johnson pledged a predetermined amount in order to back student loans. “This act”, he promised, “will help young people enter business, trade, and technical schools”. Unfortunately, this student loans programme was altered almost instantaneously. Originally intended to provide students with an education through “business, trade and technical schools, the programme was expanded to include all American education, irrespective of economic utility. Today, student debt figures are out of control and many who sit with loans to their name are battling. Close to a third of students graduating from college, and 69% of the ones dropping out, hold student loans. However, policy changes have recently been announced which are designed to ease the pressure on these battling students. But what effect will this have on taxpayers?
To read more, click here.
(image source)
