Have you ever wondered how the 401K industry grew from $0 to over $4.8 Trillion in assets? It certainly would not have happened if Congress didn't act almost 40 years ago to provide a tax preference for employer-sponsored retirement plans. What does this tell us about the student loan industry?
Next Wednesday, GradFin will present to the American Bar Association's Young Lawyers Division about the Future of Student Loan Payments. We believe that if Congress makes a couple changes to the tax code (mirroring what happened with the 401K back in 1978), the future for student loan borrowers could be a lot brighter. GradFin will present about several proposals that are under consideration by Congress to reduce taxes on student loan payments. These changes could bring massive changes to the industry and would help borrowers pay back their student loans much faster. Click on the link below to go to the event website.
After 90 minutes of back and forth jabs between Presidential candidates Clinton and Trump, we were left scratching our heads wondering... Why was there no question or debate between the candidates on the subject of the student loan crisis?
Thankfully, we have an open petition to bring attention to the issue of student loan debt to the center stage during the next Presidential debate. Email your family, friends, and coworkers this petition to require a question on student loans at the 2nd Presidential debate.
The General Election to elect the President of the United States comes once every four years. Some of the most memorable moments in the history of the presidential politics is drawn out during presidential debates. During the first televised debate in 1960, John F. Kennedy looked much more composed and polished compared to his counterpart California Governor Richard Nixon. Nixon was sweating and looked mostly uncomfortable during much of the debate appearance, leaving many viewers with a viewpoint that he wasn't ready to be the leader of the free world.
This year, the debate stage is going to be a critical point for both former Secretary of State Hillary Clinton and Republican nominee and businessman Donald Trump. While both candidates are expected to exchange many verbal jabs, we are less certain how much actual real policy issues will be discussed.
This year there are very critical economic policy issues that need to be addressed. The most pressing economic issue for millions of Americans is student debt. This issue needs to be front and center during the Presidential Election. What better way to put it front and center than to require that both Presidential candidates explain their policy positions on student debt.
Sign this petition to Ask a Question about Student Debt during the October 9th Presidential Debate. This issue is too big. And we need the candidates to tell us how they will help solve it.
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