Instead of buildings, a student loan stimulus

President Obama’s proposed $5 billion for community college renovations would be nice, writes Community College Dean, but such repairs are far from “shovel ready.” Instead, he proposes a student loan stimulus:  “Use the money to forgive interest on student loans.”

The student loan stimulus would do a world of good for people in their twenties and thirties, who are struggling badly as a group at exactly the times when the economy is counting on them to start both careers and families. Reducing their monthly (and total) loan payments would give them more spending money immediately.

Most people who take out student loans come from working-class and middle-class families, notes the dean, who’s paid off his own loans.

POSTED BY Joanne Jacobs ON September 15, 2011

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