By Anton Vanrey | The Public ForumStudent loans are unlike any other loan in the free market. They were uniquely stripped of
. Every other loan on the free market has this essential feature which prevents predatory lending, and absurd interest rates.free of interest ! The higher education act was created to enable youth to pursue education without the burdensome debt that has accrued among 43 million Americans today. Today the loans have exceeded $2 trillion, and every day over $300 million of interest alone is clicking off on the backs of people who simply aspired for more in life.Both the Democrats and the Republicans need toto restore standard bankruptcy protections without any strings attached; and rights to future prospective borrowers.
This entire system needs to be demolished, rebuilt and legitimized. Education should be a right, not a privilege for the few. Sincerely, a concerned construction worker who aspires for more.