Student Debt might just be Overwhelming for very many young families today. Just wanting to do the best for themselves, they have followed the rules and gotten a College Education whereby to 'Succeed' in this American Society.
In Generations past
only the Well-Heeled could make the Jump, and avoid a career entirely in
Labor or the Military.
Student Loans are 'Big Business' for many that are raking in the money off the backs of young people.
Yet the proposals we've seen by Presidential Candidates are Bogus in the degree that they would lump everyone's University Debts together into a Forgiveness Program.
How would forgiving a persons debt from an upscale family whom attended an expensive private institution compare with a young person which has derived from humble means and only received an undergraduate degree from a State University ? ? That's Not Equitable for anyone and certainly not the Taxpayers.
It must be taken into the process, to treat young persons Debt differently and to Qualify for the Student Debt Forgiveness only when the young persons Parents have been
entirely very low income !
Growing Up in Poorer Conditions makes it difficult for proper decision making about high dollar financial decisions on the part of Students that will receive 'no other help' from parents for the cost
of a Higher Education !