By making college unaffordable and student loans unbearable, we risk deterring our best and brightest from pursuing higher education and securing a good-paying job.
Sentiment: NEGATIVE
Student loan debt is the reason I don't advise students who want to become entrepreneurs to apply to elite, expensive colleges. They can be as successful if they go to a relatively inexpensive public college.
College gives people learning and also takes away future opportunities by loading the next generation down with debt.
We need to align the incentives so that colleges have an incentive to keep down their costs... to graduate students on time with degrees in areas where they're going to be able to get jobs and going to be able to pay back those loans.
The cost of college education today is so high that many young people are giving up their dream of going to college, while many others are graduating deeply in debt.
When we make college more affordable, we make the American dream more achievable.
There is lots of evidence that it is this fear of going into debt that most puts people from poorer backgrounds off going to university.
While there are many obstacles that deter students from going to college, finances by no means should be the deciding factor.
Poorer students take out larger loans and will have to contribute more to the cost of higher education.
College is part of the American dream. It shouldn't be part of a financial nightmare for families.
We need to make college affordable in price, and also have lower-cost student loans and more available grants for students.
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