Kenyatta S. Alabama

Forgiving Student Loans

This purpose of this letter is to persuade the next President of the United States to forgive at least 30% of student loan debt.

  Dear Mr./Mrs. President      

          This year, many Americans were affected tremendously by student loans. In our society, many people are encouraged to attend college, because of the myth, " that college will guarantee that you will be rich and full of success".  In fact, many people who graduate college have trouble finding jobs, cars, and homes because they are in huge debt because of enormous student loans. Based on statistics, Americans owe nearly $1.3 trillion in student loan debt, spread out among about 44 million borrowers. About 40 million Americans hold student loans and about 70% of bachelor's degree recipients graduate with debt. The average Class of 2016 graduates have $37,172 in student loan debt, which is up six percent from last year. 

       I think that if the president forgave at least 30% of the debt on student loans, students and graduates will have a better chance of building their credit and truly be successful. In order to have a forgiven debt, criteria could be set.  For example, a graduate should have at least a 2.0 GPA, and an associated degree or higher. If debts are forgiven, many people in this country could have a better peace of mind, by not stressing over student loans.  People could live more comfortably. I feel that if there was less debt, there would be more jobs and less crime. So as my next president, will you PLEASE consider forgiving debts for those under the burden of student loans.