With the fourth Republican presidential debate now in the books, its disappointing to see that there was no focus on the student loan crisis. This debate was sponsored by FoxBusiness and the Wall Street Journal and covered multiple economic issues such as taxes, healthcare, trade, federal debt, economic stability in the world, etc. Those are all seriously challenging and emerging issues that voters care about, but how about some focus on the high cost of college and student loans?
What better issue to dissect in a debate than the number one liability facing Millennials and younger Americans - student debt. For far too long, Washington has ignored the problem of rising loan for college grads. Since 1993, the average debt per borrower in each year's graduating class has risen from $15,000 to well over $30,000.
Real problems deserve real solutions in Washington. GradFin calls on our presidential contenders to start taking the problem seriously and talking about real solutions that address our student loan woes. One of the ways to help students with their debt is to incentivize companies to help pay their employees student loans. All of these employees went to school (and in many cases took out loans) to one day work for a company. So why not allow reduced taxes on employer debt repayment assistance programs to help borrowers reduce their debt load faster.
GradFin will be working to find ways to get these issues in front of Congress. We don't think anyone will stand up for this cause unless we fight for it by pushing for change.
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