Student Loan Bailout to Save Our Economy
With all the talk about Bank Bailouts, Credit Card Bailouts and Big Corporation Bailouts, there is one section of our country that is curiously being overlooked when it comes to desperately needing a bailout, Student Loans.
I recently came across this Facebook Group Cancel Student Loan Debt to Stimulate the Economy and agree with it 100%, this quote pretty much sums it all up:
“There is a lot of sympathy for homeowners who were victims of predatory lending; at least a mortgagee can file bankruptcy.
Many University students were only eighteen years of age when they signed on for enormous debt from which they can never recover. Where is their protection from predatory lenders?”
In our county higher education is prized and pounded into our head from Kindergarten. We teach our children that without a college education they will have to struggle to survive and will never live a wealthy, successful or happy life.
But what they never mention, until after the fact is how much a college education actually costs and that there is no guarantee that a college degree will grant you a high paying salary to allow you to live the American dream.
Speaking from experience, I can honestly say that my college education; apart from giving me a Bachelors Degree, has also thrown me into debt, lowered my credit score, has made it impossible to establish any new credit and has made living a happy life almost impossible. Even though I have 2 jobs and literally 75% of my total monthly income goes to payback student loans, I am getting taxed on these and still giving all the earned wages back to the Government; which is basically paying them twice, all while I still have to pay my other bills and find a way to survive.
So now myself, like many other American’s must be asking why is our United States Government throwing billions of tax payer dollars at Big Corporations who are directly responsible for their own financial crisis and ripping off the citizens of our country, but no one is willing to help college graduates who are only doing what the leaders of our country have asked of them to do, get a higher education?
Student Loan Bailout
I, like many others, feel that if there was a Student Loan Bailout, then our economy would improve faster then any other bailout proposal so far.
The lending companies would get all their money back; the money that goes to paying student loans would be saved in our banks or spent back into the economy, people would be able to pay their credit card bills, car payments, mortgage payments; people would be able to have extra money to invest in the stock market, small business or housing and rather quickly our recession would be on it’s way to being turned around.
Even if you do not owe any student loans, I ask that you join Cancel Student Loan Debt to Stimulate the Economy because this is something that we all will benefit from.
Why should the big corporation multi-millionaires who are responisble for our recession be the only ones who get assistence when the hardworking American people are the ones stuck with the bill?
