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We must fundamentally restructure our student loan program. it makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.
-Bernie Sanders
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We Must Fundamentally Restructure Our Student Loan

Bernie Sanders
We must fundamentally restructure our student loan program. it makes no sense that students and their parents are forced to pay interest rates for higher education loans that are much higher than they pay for car loans or housing mortgages.
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Car Parent Pay

More From Bernie Sanders

Student debt is crushing the lives of millions of americans. how does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? we must make higher education affordable for all. we must substantially lower interest rates on student loans. this must be a national priority.
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The most important loan to pay is your student loan. it's more important than your mortgage, car and credit card payments. you cannot discharge student loan debt in the majority of cases.
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Remember that in most cases, student loan debt is not dischargeable in bankruptcy. so you continue to pay it off anyway. those who have very low interest rates (2-2.5 percent) on student loans and know everything is secure, great.
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If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? what are you going to do if they raise your interest rates to 32 percent? that's five times higher than what your kid is going to pay in interest on a student loan. get rid of your credit card debt.
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What i want to do first with education is my student loan idea. basically, if you go into teaching and teach for five years, your student loans should be forgiven. it doesn't cost that much.
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Imagine if you had genuine, high-quality early-childhood education for every child, and suddenly every black child in america - but also every poor white child or latino [child], but just stick with every black child in america - is getting a really good education. and they're graduating from high school at the same rates that whites are, and they are going to college at the same rates that whites are, and they are able to afford college at the same rates because the government has universal programs. so now they're all graduating.
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