Wednesday, September 02, 2009

Student Loan Forgiveness, A Stimulis?

We have bailed out banks, homeowners, auto companies, stock market and insurance companies. I have an idea that can help stimulate the economy...student loan forgiveness.

Many professions with advanced degrees such as doctors, lawyers, or MBA grads are burdened with student loan payments as high as $1000 - $2000 per month. Depending on their age, "students" may never have enough work life left to repay them. I know people whose balance has tripled or quadrupled while under forbearance or deferment due to the poor economy, unemployment, or underemployment. Freeing up those huge monthly payments would allow people to buy homes, a new car, or other consumer items to stimulate the economy.

Write your congressman or senator and tell them "Student Loan Forgiveness" should be a priority!