A study last December by the
Those averages, and variations on a theme depending on which type of school the graduate attended and his or her current career compensation, often prove a heavy individual burden, which translates into a drag on the national economy.
Nationally, there is the matter of amassed student debt -- now estimated near
Political posturing on both sides does nothing to ease a very real economic problem lingering in the wake of the 2008 financial crisis.
Graduates by the thousands, faced with a slowly recovering job market and often low wages, must spend longer crawling out of a financial hole before even considering starting a family, setting down roots through real estate purchases and more fully contributing to the local and national economy.
Obama's executive order would allow an estimated 5 million students meeting certain income requirements to cap loan repayments to 10 percent of current income -- an extension of the in-place Pay as You Earn program providing for affordable payments.
National student debt will continue to grow exponentially in indirect proportion to an economy recovering at a snail's pace. Means to correct that imbalance lie in the hands of
Sadly, little movement is underway -- it's the coming generation of college grads and their children who will be tendered the bill.
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