More than ever, a college diploma unlocks economic opportunity, provides students with a wealth of new skills and knowledge, and encourages innovation and growth. But more than ever, it also comes with a mountain of student loan debt.
While we continue to hear isolated stories about students struggling with insurmountable debt, the overwhelming majority of those who borrow money pay it back, and are able to do so because of the additional compensation their degree affords them.
In July, when the student loan rates are set to double to 6.8 percent. College is already far too pricey for many to attend, and this double in interest rates will put a higher education even farther out of reach for thousands of students and their families.
These students and their families cannot bear additional costs. The president's proposal, although it might lower interest rates very slightly in the first year, will ultimately allow those rates to rise uncontrollably.
There is no better way to alienate a massive swath of American citizenry than to cut funding for loans and grants to students seeking to enroll in higher education and in need of economic support to do so.
Just like Katniss I've been dropped into the arena for the second time; and why yes (SPOILER ALERT) my arena is a clock. However unlike Katniss I'm not fighting for survival, just trying to pay back my student loans.