by Rep. Tom Garrett is a Republican representing Virginia’s 5th Congressional District. He is a member of the Committees on Education and the Workforce, Homeland Security, and Foreign Affairs. He presents a problem: We can’t afford to lose the energy, ideas, and vision of young people who give up their dreams of going to college because it is unaffordable. And we shouldn’t saddle young people who graduate with enormous debt, forcing them to postpone marriage, becoming parents, buying homes, starting a business, and many other activities that enhance their lives and strengthen our economy. The student debt crisis is a huge threat to the long-term economic prosperity of our country. If we fail to take positive measures to address the looming economic
Topics:
Dan Crawford considers the following as important: Taxes/regulation
This could be interesting, too:
Bill Haskell writes Where the 2024 Presidential Election Voting Integrity Will Be Fought
Angry Bear writes More for Them, Less for Us, Talking Taxes and Deficits
Angry Bear writes The Lie Banks Use To Protect Late-Fee Profits
Joel Eissenberg writes Fixing Social Security
Rep. Tom Garrett is a Republican representing Virginia’s 5th Congressional District. He is a member of the Committees on Education and the Workforce, Homeland Security, and Foreign Affairs. He presents a problem:
We can’t afford to lose the energy, ideas, and vision of young people who give up their dreams of going to college because it is unaffordable. And we shouldn’t saddle young people who graduate with enormous debt, forcing them to postpone marriage, becoming parents, buying homes, starting a business, and many other activities that enhance their lives and strengthen our economy.
The student debt crisis is a huge threat to the long-term economic prosperity of our country. If we fail to take positive measures to address the looming economic challenges brought on by student loan debt, nothing less than the long-term prosperity of our country hangs in the balance.
>
And offers a solution for some:
For every $550 in student loan forgiveness – or roughly the average cost for one credit hour at a public university – a Student Security participant would agree to raise his or her full-retirement age for Social Security benefits by one month. A student could get a maximum of $40,150 in debt relief. To get that, the person would delay the starting age for collecting Social Security benefits by 6 years and 1 month
Leaves me flabbergasted.