Companies like Sallie Mae are siphoning funds from The People by allocating our payments to interest before the principle.
This process is used to add many more years of payments.
The principle is reduced too slowly while interest continues to add up.
They continue to make money while we continue to lose it.
We, The People, have no qualms about paying off what we borrowed, but we have an issue on where our money is allocated.
We get into Student Loan Debt because we want to better ourselves and our communities.
We want one simple change to laws and regulations:
Any payment goes to principle first.
Payments small or large should reduce the principle, not go directly into their pockets!
Student Loan Debt affects many markets.
Protecting The People helps everyone.