Tag: student debt
Critics of the United States' student debt crisis took aim at loan corporation Sallie Mae on Friday after NBC News reported on a trip the company's executives...
"We bailed out Wall Street in 2008. It's time to tax Wall Street's greed to help the American people."
"We are crushing the next generation with debt."
The amount of U.S. student loan debt has more than doubled since 2009 and now sits at a record $1.47 trillion.
New York Assemblymember Ron Kim is introducing legislation to block the deal and redirect taxpayer money away from Amazon subsidies and toward student debt relief.
Sixty-nine percent of young Americans support a single-payer healthcare program like Medicare for All, while 66 percent back government-funded college tuition.
"It's extremely validating to see a court agree that what the Department did was wrong, and to know that students who were cheated will finally be able to seek relief."
Overall, if these 44 million Americans were debt free, it would promote consumer spending and grow every sector of the U.S. economy.