I support free public college and vocational training tuition. If we are to continue to be the greatest nation in the world, we must continue to educate without the threat of having a lifetime of debt. Students are graduating with tens of thousands of dollars of debt and get stuck paying the interest while barely touching the principal debt owned.
We must eliminate student debt. When banks illegally crashed our economy and stole the homes of millions of Americans, we bailed them out to the tune of $16+ TRILLION dollars. They owe it to us to pay the people back. They can make the $1.8 trillion in student debt disappear if they so chose and it wouldn't negatively impact our society in anyway. In fact, studies have shown that it would boot our economy!
Until we get student debt eliminated as a whole, I propose we cap the interest rate on Federal Student Loans at 1-2%, the current rate is 4.5%+. It’s time we stop punishing our youth with endless interest payments and start rewarding them for furthering their education in order to better our society. We also need to start promoting the continuing of education after high school. We need to promote vocational training and college degrees.
I understand not everyone wants to get a degree, but the option should be there. Let's focus on supplying vocational training for those not wanting a degree and helping support our future working class by providing free college tuition to community colleges.
The price of college textbooks has risen 1000% over the last 10 years. Colleges have become an industry of giant profits and huge debts, rather than a tool for education and the betterment of society.
We also need to look into a universal Pre-K program where working class parents can get educations for their young children at affordable, or no cost, rates.