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Presidential Hopefuls Talk Student Debt

While it’s still a little over a year before the Iowa caucuses kick off the race for the 2020 Democratic Party presidential nomination, some of the early entrants are already hitting the stump. And the student debt crisis is among the top topics they’re addressing.


First on the mic this past week was U.S. Sen. Kirsten Gillibrand, who spoke Saturday in Ames, Iowa, about some of the issues she wants to tackle, including the cost of college.

“We have to make access to college, and access to higher education, something that is a real right,” the New York senator said. She also referenced the Federal Student Loan Refinancing Act, a bill she introduced that would have the federal government offer refinancing at a fixed 4% for any student loans above that interest rate. Currently, student loans can only be refinanced through private lenders.

On Monday, U.S. Sen. Kamala Harris kicked off her presidential bid with a question-and-answer session at Howard University in Washington, D.C. The California senator said the government needs “to have a commitment around what we need to do around debt-free college and ‘College for All,’” as well as the possibility of federal student loan refinancing.

Harris also touted her work as California attorney general policing predatory practices at for-profit colleges, saying more must be done to protect students.

How it affects YOU: If student debt impacts your life, make sure it impacts your voting, too. As the presidential primaries get closer, Student Loan Hero will be looking at the candidates and their positions on college costs and student loans. In the meantime, you can check out the campaign websites that are starting to pop up and see what these aspiring presidents have to say about the issue.

Student Loans Borrowers Leaving Rural America

Federal Reserve data suggest that you’re much more likely to leave your home in rural or small-town America if you have student loans — and the more student debt you have, the greater the chance you’ll move to a big city.

The trend has led to a widening achieve gap: While the percentage of college grads in cities was 5 points higher than in rural areas in 1970, that difference had ballooned to 14 points by 2016, CBS News cites the Fed as saying.

This, the report says, creates a vicious cycle, since as “fewer college-educated young people remain in rural locations, those regions become less attractive to other young grads.”

How it Affects YOU: Local governments around the country seem aware of this problem, with some communities — such as Michigan’s St. Clair County and the Ohio town of Hamilton — offering money to eligible college graduates willing to live there. If this intrigues you, keep an eye out for similar opportunities, and check out our database of student loan repayment assistance programs across the U.S.

YOU can take charge of your student loan debt and have it forgiven by calling Student Education Center today at 1-833-694-5210 today!

Source: https://studentloanhero.com/featured/student-loan-news-9/
Presidential Hopefuls Talk Student Debt Presidential Hopefuls Talk Student Debt Reviewed by Student Loans Center on January 25, 2019 Rating: 5

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