Student loans can be a burden on many students trying to further their education. Research says that the average debt for a college student has risen up by 25 percent and that’s just between 2008 and 2012. Not enacting this bill does not only affect the students in college but society as a whole. I am strongly concerned about the passing of this bill because I see education as a requirement for life. Living in a world where it is mandatory to obtain a secondary education in order to …show more content…
The New York Post reports that rising tuition in the wake of decreased state funding for higher education has left many students scrambling to pay for college. Beyond the $1.19 trillion in student loan debt reported by the Federal Reserve Bank lies an additional problem: an unmeasured mountain of related credit card and home-equity debt, plus money diverted from retirement accounts.
Thank you for taking the time out of your busy schedule to read my letter and I hope you consider my area of interest. I believe it is an important issue, and would like to see the legislation passed to ensure the student loan deduction. In order for this bill to be fully effective, there should be federal funding for the