Not so much, says GOP Rep. Bud Nornes. The Chairman of the House Higher Education Committee actually just said about college affordability:
It’s “not exactly as bad as people make it out to be.”
Are you kidding me?
Minnesota is in the top five states with the highest average student loan debt (almost $31,000).
70% of Minnesota college students graduated in 2013 with some amount of debt.
How anyone can say college affordability isn’t a problem is just plain crazy when you have students graduating with tens and hundreds of thousands of dollars in debt, and are forced to put off buying a car or a house, starting a family, and saving for retirement.
Our new student loan debt campaign – Defeat Student Debt – proves just how bad this debt crisis has gotten. We’ve been hearing from hundreds of student loan borrowers about their struggles to pay off their debt.
I can only pay my student loans, little bit by little bit and continue to put my one big giant graduate loan (deep breath. . .$100k range) into forbearance. If I didn’t have that debt, I’d buy a home with my spouse. We’d have children. We’d buy a car.
Compared to others I know, my student loan debt is small with only about $15,000 owed. That is still a significant amount of money and the monthly payment is like adding another car payment to my monthly bills.
Between my wife and I we have nearly $100,000 in student loan debt. I have a good paying job now but its still going to take years to pay off that debt.
These are just a few of the stories highlighted on the Defeat Student Debt website. I challenge anyone to read through them all and then say college affordability “isn’t as bad as it’s made out to be.”