The Huffington post is currently running a series called “The Working Poor” about people who work full time and yet are still having trouble making the ends meet. Just today, they posted my article on the subject, which you can read here.
If you read through the article, you’ll here about my own personal experiences with student loan debt, as well as that of people I know. More than that, though, you will learn about the unfair advantage that the federal government gives Big Banking while taking advantage of students around the country. Though banks receive massive loans, they get them at a near 0% interest rate — students pay much more than that. My own loans average 6.8% interest.
This might not seem like a lot, but for someone just starting out in life, it’s rough. And when you think about the government profiting off of its citizens while giving more-than-ideal borrowing conditions to banks and large corporations, you should get mad. You should get mad because it makes no sense. In a country where we are beginning to lag behind the rest of the developed word in terms of education, we should be giving our population every advantage to do well and learn — not shackle them with endless debt.
I hope you agree with me. And if you don’t, I offer only conversation so that you can hear my side and I can hear yours. The link again is: here.