Thursday, October 8, 2015

Presidential Candidates There Are Solutions to The $1.3 Trillion Student Loan Debt!

I have been writing about the now estimated $1.3 trillion student loan debt for last several years; in fact the student loan debt was $850 Billion when I started. Jillian Berman of MarketWatch wrote an article that the student loan debt is now growing at rate of $3055 a second! No this is not a typo $3055 a SECOND. I am not financial expert, but common sense should tell us that there is no business model that can survive this kind of out of control debt. 
I have said from my first post that there are solutions to student loan debt, but first our children have got to become more important than the huge unethical profits being made off our children's backs.
One of my solutions was for nonprofit bank/ credit union where possibly a retired banker will run the bank / credit union without huge salaries or profits to shareholders. A Salary capped $250,000? ( not a bad retirement plan) no bonus, no other perks but ran efficiently.
There is also a program in place now a tuition reimbursement program that can send a employee back to school with up to a $5250 tuition reimbursement. I got the idea in part from Andy Bossie that with some dedicated friends help create what was reported
"The Most Comprehensive College Tax Credit in Nation Becomes Maine Law July 2, 2007" headlines from The Maine Democrat.
Ok before you say I don't believe in tax credits. I ask you to read" Why Are Only our Children Held Accountable?" Then tell me me who is going to protect us from the Presidential and Congressional Political Cronyism Cartel that freely hands out tax credits the major corporations in America that pay little or no taxes...while sending our jobs overseas and sending their their profits offshore????
Mr. President and Congress I will leave you with this today
"A baby comes into this world with only hope.... the only gold we will leave this earth with is our ......Word"
Anthony Eller

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