Political Quotes

“it is time for the Senate and the U.S. Department of Education to get serious about the student loan crisis in America. This is a crisis in Illinois. It is a crisis in Iowa, in Nevada. You pick the State. Student loan debt is now a larger debt in the United States than credit card debt. Add up all of the debt that Americans owe on credit cards, and it will not reach the amount of student loan debt that is carried by students and their families. More than 44 million Americans have student loan debt. The total amount is $1.5 trillion. As I mentioned, it is larger than America's cumulative credit card debt--second only to the mortgages that we owe on our homes across the United States. An American who graduated from college in 2015, with a 4-year degree, owed an average of $30,100. That debt is often much higher for many Americans if they decide to go on to graduate school or if they are unfortunate attendees at the for-profit colleges and universities. Across the United States, there are many of these for-profit institutions. You should remember them. It is 9 percent of young people who come out of high school who end up at for-profit colleges and universities, while 33 percent of all of the college students who default on student loans come out of the same schools--for-profit colleges. This is 9 percent and 33 percent. Why? It is that they are so darned expensive--dramatically more expensive than are community colleges or other universities. No.…”