3 Ways to Fix the Student Loan Debt Crisis
U.S. student loan debt is surging above one trillion dollars, surpassing credit card and auto loan debt. The average student loan debt is approximately $25,000, which is up 25 percent in the last ten years... The majority (80 percent) of student loans are government-guaranteed, with 30 percent of these government-backed loans past due 30 days or more. That means the taxpayers are on the hook should the loans default.... The real problem we’re facing is not the amount of student loan debt. Ultimately, the real problem is that the U.S. has an under-employment crisis, meaning we have people who are trained for jobs that are going away or are trained to do things that there aren’t jobs for because they need retraining or more education. So this isn’t just about fixing today’s student loan debt problem today. It’s about fixing tomorrow’s underemployment problem today and tomorrow....
................. Business strategist, Daniel Burrus
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