Politicians: Ignore The Millennial Student Loan Crisis At Your Own Risk
"Though politicians fall all over themselves when it comes to voters in my age bracket and even older (that's almost impossible to comprehend), a new survey by Harvard's Institute of Politics shows a growing class of discontented, registered voters who agree that there is one major issue among them regardless of party affiliation: that class is millennials, and that issue is student loan debt," Adam Levin writes in The Huffington Post's The Blog. "Despite being ignored by many politicians (unless it's for a photo op), fully 68 percent of the 18- to 29-year-olds surveyed are already registered to vote. ... About 42 percent of millennials say they or someone in their household has student loan debt, but 57 percent say that they think student loan debt is a major problem, while a grand total of 79 percent think it's generally a problem. ... And who do they think is responsible for that problem? Well, 30 percent blame the federal government for skyrocketing education costs, 42 percent blame institutions of higher education and another 8 percent blame state government officials. In other words, almost 40 percent of young people today blame the government for the staggering debt they've taken on to finance the paths that they were told (sometimes by the president himself) would lead to financial stability - debt that often gets repaid to the federal government itself. If you thought Social Security was the third rail of politics in the '80s and '90s, just wait until the next time Congress jerks around and dangles sky-high student loan interest rates in front of all those un- and underemployed millennials trying to pay off loans the size of the Greatest Generation's first mortgages."
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