Student loans is one of the largest consumer borrowing in this country, but a weak job market leaves a worry of lingering debt on graduates. Student debt grows as more attend college because tuition costs continue to rise faster than income.

In other countries, higher education is free or heavily subsidized.

Yet, funding for public universities and college were pulled in the U.S. during the 2008 financial crisis. In fact, there is racial disparity in borrowing due to decades of racial discrimination.

Students are often incentivized to borrow for high-paying jobs.

Unfortunately, according to a study in 2019 by Federal Reserve Economists, the wealth a degree provides has declined in the past 50yrs from the rising cost of college and an increase in other forms of consumer borrowing. That's why I didn't attend university because I had to choose higher education or crippling debt. There are concerns of increasing national debt, but, if we can bail out the banks, we should be able to bail out the people.

To fix this, I will promote:

• Increasing funding

  • Make public colleges and universities tuition-free

• Tuition cap for private universities

• Limit student loan borrowing

• Partial loan forgiveness