U.S. government-sponsored student loan debt has become an escalating problem for the finances of many American households.
The U.S. government has cumulatively borrowed more than a trillion dollars to be in that business of making student loans.
“Free” college and loan forgiveness are increasingly popular ideas. According to a recent AOL News poll, for example, 49 percent of respondents believe every state should offer free four-year public college tuition. Another poll by MoneyTips.com found that nearly 42 percent of respondents favored forgiving all student loan debt. Such results are understandable. After…
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