"They did everything we told them to do" Elizabeth Warren

[applegrove]

They did everything we told them to do

February 21, 2014 | By Elizabeth Warren

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During that fight, I also heard from a lot of young people being crushed by their old student loans. They did everything we told them to do: They worked hard, got good grades, went to college and learned new skills -- and now are drowning in debt.

The numbers prove it. More than a third of borrowers under the age of 30 have been delinquent on their student loan payments for more than 90 days. Think about that.

Tying students to a lifetime of financial servitude as a condition of getting an education? That doesn't reflect our values.

In the coming weeks, I'll introduce new legislation to allow eligible borrowers with high interest student loans to refinance at new rates that are at least as low as those now being offered to new borrowers in the federal student loan program -- putting real money back into the pockets of young people who worked hard to get an education.



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http://elizabethwarren.com/blog/they-did-everything-we-told-them-to-do

[Autumn]

1. Thank you.