The rising costs of higher education coupled with the stress of paying student loans are putting increasing pressure on students.
Students are up to their eyeballs in loans, and it's going to get even worse. It's going to be hideous, actually. Students are going to be saddled for life. It's going to put a lot of people off going to college, which is a shame.
I am disappointed that Senator Ayotte has voted repeatedly for deep cuts in Pell Grants that would make college more expensive for thousands of New Hampshire students and voted against allowing young people to refinance their student loans.
The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
The burden of student loan debt weighs heavily on both students and families across New Jersey.
When SoFi launched in 2011, it focused squarely on the burgeoning student loan market - a market that, unlike housing, had no viable option to refinance both federal and private student loans from higher interest-rate eras.
I strongly support extending current student loan interest rates and increasing the college tuition tax credit for students and their families.
Voters care only that student loans remain freely available and that they cost taxpayers as little as possible.
If lenders are forced to scale back student lending because private student loans are subject to bankruptcy discharge, many students will be denied access to higher education.
We must fundamentally restructure our student loan program. It makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.
Bankruptcy laws allow companies to smoothly reorganize, but not college graduates burdened by student loans.
The Millennial Generation is being crushed by soaring college costs and student loan debt, and as lawmakers, we must find solutions to address affordability and flexibility in higher education.
If you're one of the millions of people who have student debt right now, I'll help you refinance your loans at better rates.
There is no constitutional basis for the federal government to be mandated to assist with student debt.
