Citizens are facing crushing student loan debts! There are a dozen different kinds of student loans with the same number of payback options that no one can understand. Call for assistance, and you'll get a different answer every time.
For many loans, the current interest rate is almost 8%. If you cannot pay, your wages can be garnished. Even your Social Security income is not safe.
There should be a cap on how much of your income can be required for student loan repayment. As it sits, you can end up paying 50% or more of your income towards student loan debt.
The lesson here? Education really is only for the wealthy.



