Giving Up Your Rights in Exchange For Student Debt Forgiveness
Across the country student debt is on the rise; according to Student Loan Hero the average amount of student loans from four-year universities is around $30,000. For the average Physician Assistant student you’re looking at close to $100,000 in student loans to complete a PA program.
“According to the latest numbers from the U.S. Department of Education, 42.3 million Americans are paying back $1.33 trillion in federal student loan debt.”
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According to a survey done by credible.com, 50% of millennials would give up their right to vote in the next two presidential campaigns to have their student debt forgiven. Only 13.2% would give up texting and any mobile messaging for the next year; and 8.2% of respondents said they would not choose to give up any of the options and instead continue paying on their student loans.
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If you have student loans, some options to help manage your payments may be consolidating them or getting a lower interest rate by refinancing. If you are interested in refinancing your student loans use this link to receive $250 for successfully refinancing your student loans over $20,000 with credible.com.
I know for myself student debt from PA school is a huge weight on me. It has definitely affected my financial decisions and will continue to have a role in my decision-making in the future.
As the Great Depression affected our grandparents (great-grandparents) generation so will student debt affect this one. I personally am with the group that would not mind at all giving up my right to vote in the next election in exchange for forgiveness of my loans.
What would you be willing to give up in exchange for student debt forgiveness?
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