Time to reduce student loans to that of biggest banks:1%

Time to reduce student loans to that of biggest banks:1%

Jesse Jackon stated on Democracy Now  http://i3.democracynow.org/2009/3/12/reduce_the_rate_rev_jesse_jackson: "Not long ago, you could be a first-generation student in college and marry and mate, combine a bank account and buy a home first generation. Now you marry into debt. You’re worse off by getting an education than by not getting one. It makes more sense, in this sense, to get an associate degree at a community college and have a trade—sewing, laying line for Verizon—than it does to go to a four-year university. And so, our basic appeal is, let students have the same deal banks get. And that alone would be a massive cut. Cut the middle person out, and let students have direct access to the money, and have some civilized—and, for example, if you become a doctor and you have a big loan, if, when you graduate, you serve in some indigent community, you can work it off in that way. If you become a lawyer—because now if they’re going to law school or med school, it’s just prohibitive. You come out wearing $250,000 worth of debt."

America used to give grants to its students more often, i.e. be for the coservative trickle down policies of the late 1970s and 1980s took over.

What should America do immediately?

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