It’s 2016 and Americans are more burdened by student loan debt than ever.
Americans owe nearly $1.3 trillion in student loan debt, spread out among about 43 million borrowers. In fact, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year.
Student loan payments is a big factor for shrinking of middle class and stagnation of millions of families.
Allow student loans to be made as pre-tax deduction so the borrowers can pay off their loans faster with higher portion of their income and be debt free.