Young Communists League: Forgive student loans and save the economy

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When the first economic meltdown hit in 2008, speculation and sub-prime loan debt were to blame. Now, with $900 billion in student loans, Americans are beginning to ask the question, is the student debt crisis next?

Students attend institutes of higher learning with the general understanding that making the commitment is going to ensure they have a productive future and more stability in the job market.

Unfortunately with college graduate unemployment the highest it has been in 40 years, the idea of a safe future for any American seems like a distant fantasy.

The Project on Student Debt estimates the average debt for 2009 bachelor's degree recipients at $24,000, and with students graduating $100,000 in debt and even more in some cases the prospects for home ownership and making a comfortable life for one's self becomes next to impossible.

full: http://www.yclusa.org/article/articleview/1991/1/6/

found from http://www.drudge.com/news/148964/commies-forgive-student-loan-debt