Thomas Daschle: “The typical student nationally now graduates with about $17,000 in Federal loan debt. Thirty-nine percent of all student…”

“The typical student nationally now graduates with about $17,000 in Federal loan debt. Thirty-nine percent of all student borrowers graduate today with what is termed an unmanageable student loan debt. This is why we were so mystified when they said, we are going to ask students, on top of all the debt they currently have, to pay an additional $2,800 for a typical loan or $3,100 for a Pell grant recipient. I can't imagine how we would want to exacerbate their problems by adding even further cost on to the overwhelming loan debt that many of them already have.”