Author says student debt is ‘America’s most pressing problem’

student_loan_debt_rock_300pxThe human cost of rising student loan debt cannot be understated, Alan Collinge, founder of StudentLoanJustice.org, writes in The Hill. “Families and individuals are being financially destabilized and wrecked. Family formation, home and other purchases are being delayed or cancelled, people are actually fleeing the country and even committing suicide as a result of this predatory debt.”

Collinge, author The Student Loan Scam: The Most Oppressive Debt in U.S. History and How We Can Fight Backwrites that, since 2000, “U.S. student loan debt has grown to overwhelm all other categories of non-housing consumer debt in this nation. The lending instrument is uniquely predatory in that student loans have been stripped of the most fundamental consumer protections, such as bankruptcy rights, statutes of limitations and many others.”

The next president, he writes, must work with Congress to ease the student debt crisis.

Read the entire column:

Student debt is America’s most pressing economic problem

Since 2000, U.S. student loan debt has grown to overwhelm all other categories of non-housing consumer debt in this nation. The lending instrument is uniquely predatory in that student loans have been stripped of the most fundamental consumer protections, such as bankruptcy rights, statutes of limitations and many others.

Read more on WEAC’s Degrees Not Debt page:

degrees_not_debt_large