People walk through the Columbia University campus on July 1, 2013.
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Let Me Finish: The student loan issue

Let me finish with this student loan issue.

This one has the authenticity of real-life people, “everyday” people as Hillary Clinton calls them.

Like “Mothers Against Drunk Driving,” a solid cause if there ever was one, it has the quality of real-life experience. Parents who see their children headed off into the world packed down with often-times six figures of student loan debt wish it didn’t have to be this way.

The trick here is to find a way to reduce that debt. I left college owing $2800. That’s 28 hundred dollars, not thousand dollars.

One hope might be to cut the interest rates. That would be good. I paid 3%. Young adults today are paying twice that amount on principles of, as I said, over one hundred thousand dollars.

What we need to find, I think, is a way to deal not just with the interest rates, by refinancing, the principal. How do we free young couples from the prospect of having this big debt still lingering on them when they approach their forties? That’s a reality for people today. Senator Marco Rubio reported that he only recently paid off his student loans, and he’s running for President!

Bottom line: it’s a real problem, a genuine issue, something we should put our heads together over…not whether the president grabbed a smoke over in Germany.

Don’t you think?