citizens one loan

Student Loan Debt Crushing Millennials And The Economy Citizens One Loan

Description: This is a review of citizens-one-loan, which shows the author’s dissatisfaction at the uneven recovery of students’ spending and the improper policy of students loan in state public school or in private higher school.

The Wall Street Journal is reporting that for the first time more than half of the states in the US are requiring students to pay more in tuition for state schools and universities compared to what the government is contributing to their tuition.

These are government funded. They’re not private schools. However historically the government has stepped in and provided enough funding. Their portion of the tuition outweighed what the students pay for their tuition. For the first time students are paying more in tuition to attend these schools compared to what the government is contributing the state higher education.

Executive Officers Association looked into this and what they found was that all of these states are using the funding in order to pay for their state Medicaid programs and also for state employees retirement and health care services. But they have not increased taxes to account for all of these things.

The lawmakers refuse to pay the taxes or refuse to raise the taxes. We have the emergence of regressive taxes and in this case tuition serves as a regressive tax. To give you an example of how much this is impacting students.

We’re talking about averages. Prices are more expensive on a case but the average tuition for a 4-year public college or university was about six thousand five hundred seventy two dollars in 2017 and that was up from four thousand seven hundred eighty four dollars in 2008.

Some might think it’s not that big of a deal but these are public colleges and universities. These are supposed to be the affordable option for kids who grew up in an underprivileged socioeconomic status or general families that have stresses economic stresses.

You want your kid to go to a state school. It’s a public institution. A lot of people move to various states because the systems there in terms of higher education are better than they might be. In the state that they’re currently residing, it’s a real problem.

This is the higher education in the fact that the cost keeps escalating to the point that it’s not accessible to people. It creates the divide that we already see between the rich and the not rich. I’ll call it that what I’m saying gets wider and wider and this is one more way it gets wider.

Because the cost of public education is a not pride look. Private education isn’t accessible to any of us. The loans you have to take out to get into these schools for the world of private education are much. You can get into it but you’re going to graduate with a lot of debt.

When it’s public education underwritten by those of us who live in the state, it should be accessible to all of us who live in the state. Marya crisis is a crisis because education especially higher education serves as a way for people to pull themselves out of poverty.

Someone makes these arguments about picking yourself up by the bootstraps or pulling yourself by the bootstraps. It’s not pulling it up. That’s such a disingenuous statement when you consider what they have done to affordable education for people.

I’ll give you an example. Public spending per student declined 24% between 2008 and 2012. Appropriations began taking back up in 2012 but their recovery has been uneven across the country which is why you have about half of the states not contributing enough.

They’re not even contributing an equal amount as the students. The students are contributing way more toward their tuition at these state schools. At these public state schools in 2016 students in 24 states paid more than half of the cost of their education at public schools. In 2017 through a combination of budget cuts and tuition hikes, students in Kentucky, Louisiana, Oklahoma and Mississippi past the mark.

We can see which states prioritize their students when it comes to this issue and student loan debt. Does it simply impact the lives of the students? Who will carry that debt? It impacts our economy as a whole.

These are people who are now tethered to a debt. They could never get rid of it even in the case of bankruptcy. They are not able to participate in the economy the same way generations prior to them. We’re able to but they’re not able to purchase homes. They’re not able to develop their lives the way that their parents are able to do.

It’s sad to see this happen. The people who is talking about the student loan debt are Donald Trump and all of his buddies. The problem is though Trump but it is those student loan companies that are benefiting.

They’re increasing their ability to tax those loans. They’ve changed the entire way that the structure is working and the way that they can go after you. They can be brutal frankly and going after you. So those student loan companies are the ones who are benefiting from this.

To see it happening with public higher education is heartbreaking. Because most of us should be able to get a pass into higher education absolutely. Private lenders charge these high interest rates that keep these students in debt for a very long period of time in some cases for the rest of their lives.

The federal government also gives out these student loans with lower interest rates. But the interest rates are considerably higher than what the banks received. When they got that bailout money, what are we prioritizing in this country?

It doesn’t seem to be the future of the country. It doesn’t seem to be helping to educate those who want to educate themselves and who want to be productive members of society. It seems actions are taken over and over again to make it less possible for people to create a great life for themselves and to create that American Dream for them.

Everyone should have access to education. As the richest country in the world, we can’t get access to education to all the people who live here. It’s wrong.

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