Crushing Student Loan Debt and Student Loan Consolidation
35 year old Jason Yoder was pursuing his master's degree at Illinois University and took his own life in the chemistry building. Jason owed more than $100,000 in student loans and felt trapped by his student loan debt. Collectors asked him things like," Can't you sell your car?" or "Can't you get your mom to sell her house?"
Jason Yoder is tragic and extreme example of the negatives associated with driving this country's students deep into student loan debt before they even land a job. Nothing has been done to curtail the exponentially rising cost of education and even with the new laws passed by congress the student loan and education industries need major regulation.
It's time that we put stock into the actual goal of education instead of profiting as much as possible on every student that comes through the system. Our government must put a stop to this and ensure that every citizen of this country can get the education they deserve without sacrificing the main goal of the entire process, financial and cultural stability. A $100,000 burden is easily the cost of a first home in almost any part of the country....
