Debt cancellation can give students a new lease on life. In 2008, Wall Street Banks enjoyed debt cancellation, but what about students? The student loan debt crisis is worsening.
Did you know that the student loan delinquency rate is 10 x times that of mortgage delinquency? The dismal job market has made it nearly impossible for graduates to find good jobs and pay off their student loans. Julie Queler – learn the 4 ways that Student Loan Advocacy is making a difference.
Knowledge Made America
George Washington Carver, Thomas Edison and Jeff Bezos are examples of American inventors, who changed the world. Through education, the most gifted can create valuable products and services, which will lead to incorporation. Thereafter, companies will employ workers and the entire community will benefit.
According to Forbes, 44 million American student loan debtors owe $1.5 trillion with a delinquency rate of 10.7%. Compare that to the 1.1% US average for mortgage delinquency (based on June 30, 2018 statistics) and you might begin to comprehend the gravity of the situation.
Knowledge is one of the inputs for productivity. America cannot be great without an educated population. Here are 4 ways that student loan advocacy is making a difference:
- Availability
- Cost
- Qualification
- Educated Population
America’s education advantages are being threatened by the student loan debt crisis.
Availability
Just as financing has increased home ownership, it has also increased college graduation rates. Some students simply cannot afford college, neither can their parents.
If Wall Street bankers can have their debt cancelled, why not students? Canceling student debt would be even better than the 2008 bail out because this time, all classes would benefit.
Cost
There have always been personal education loans. The problem has been the cost for repayment. Government loan programs have lowered the cost of repayment dramatically. Now, the student debt crisis threatens to make education unaffordable.
And, if this continues, then there will be a trickle-down effect. Fewer students means that fewer professors and administrators will be needed. Student Loan Advocacy not only benefits students, but professors and administrators.
Qualifications
The wealthy can always afford college, but what about the poor? Inventors are not always children of the rich. Wise Americans have made education available to the most talented.
Scholarships have ensured that the poor can also enjoy the benefits of education. Public and private loans have ensured that student qualification is equitable. All Americans have equal access to education.
Educated Population
Naturally, an educated population will be more productive. Mechanics, plumbers, doctors and all of those with skills can improve the lives of all Americans. Small business owners increase the American Gross National Product (GNP).
Philanthropists need to have a caring heart, so they can empathize with the downtrodden. Heretofore, Julie Queler has demonstrated her compassion and effective methods in helping individuals succeed. Now, she is tackling Student Loan Advocacy, Reform and Restructuring. If America does not invest in its future, then it might not have much of a future.
Julie Queler’s Student Loan Advocacy can provide much-needed relief to the inventors, executives and leaders of tomorrow. All Americans should unite in continuing to keep education affordable. Make America great again through Student Loan Advocacy, Reform and Restructuring.