According to a recent poll, the majority of young Americans believe that the government should take action to address the issue of student loan debt.
This comes as no surprise, as student loan debt has now surpassed credit card debt and become the largest form of consumer debt in the United States.
We'll explore some of the solutions that young people are proposing, and we'll also look at what the government is currently doing to address this issue.
The extent of the student loan debt crisis in America
According to a recent study, two-thirds of millennials want the government to take action on student loan debt. The study, conducted by the advocacy group Young Invincibles, also found that a majority of millennials believe that student loan debt is a crisis.
In addition to wanting the government to take action, millennials also want lawmakers to focus on making higher education more affordable. With over 44 million Americans carrying student loan debt totaling $1.5 trillion, it's no wonder that young people are calling for action.
The effect of student loan debt on young Americans
The burden of student loan debt is preventing young Americans from achieving their dreams. According to a recent poll, two-thirds of millennials say they would rather have no student loan debt than a six-figure salary.
That's because the weight of student loan debt is preventing young people from buying homes, starting families and saving for retirement.
In fact, more than one in four millennials have put off major life decisions because of their student loan debt. The good news is that there are steps the government can take to make higher education more affordable and reduce the burden of student loan debt.
Why the government should take action on student loan debt
It's no secret that student loan debt is a huge issue in the United States. In fact, it's now the second-largest type of household debt after mortgages.
This is a burden that falls disproportionately on young people, many of whom are already struggling to make ends meet. That's why it's so important that the government take action to help relieve this burden.
There are a few potential solutions, such as refinancing student loans, income-based repayment plans and even debt forgiveness programs. The government must act now to help the millions of Americans who are struggling with student loan debt.
What kind of action the government should take
There is overwhelming bipartisan support for the government to take action on student loan debt. A recent poll by The Associated Press-NORC Center for Public Affairs Research found that 86% of young Americans want the government to do something about the issue.
The most popular solution (supported by a majority of all age groups) is for the government to offer debt forgiveness to those who have been struggling to repay their loans.
Other popular solutions include making it easier to refinance student loans and providing more affordable education options. It's clear that young people are fed up with feeling trapped by student loan debt, and they want the government to take action.
The student loan debt crisis in America is a major problem for young people. The debt is preventing them from buying homes and cars, and it's impacting their quality of life.
The government should take action to address the issue, and there are several things they could do. Young Americans can advocate for change by contacting their representatives and telling them their stories.