Do Children Of Congress Have To Pay Back Student Loans?

Yes

It’s true – children of members of Congress have to pay back student loans at any point in their lives, even if they never attended college. In fact, many members of Congress have taken out huge student loan debts and now face $100k+ payments each year.

No

This is not true. Despite what some politicians claim, members of congress do not have to repay student debt. However, there might be exceptions.

I don’t know

There is no definitive answer – it varies depending on who is asking. According to the US Department of Education, students who attend public schools paid off about 91% of their outstanding balances before they were 30 years old. Students who attend private schools paid off about 86% of their balance, while those who attend religious schools paid off only 58%.

Do Children Of Congress Have To Pay Back Student Loans?

I’m sure we’ve all heard about our elected officials taking advantage of their positions for personal gain. I mean, who hasn’t? But what if there was a bill being passed that would deny some kids access to higher education because their parents could not afford to pay back student loans? This is exactly what Rep. Maxine Waters (D-CA) wants to do! She’s introduced legislation that would limit federal financial aid to students whose families make less than $125,000 per year. If her bill passes, federal student aid would no longer be available to anyone making under $125,000 annually. As a result, many middle class families would have fewer options to pursue post-secondary education, potentially increasing unemployment and poverty rates.

But Waters’ bill wouldn’t just affect children of lower income families…it would also hurt poor adults trying to get ahead. A single parent raising two kids on minimum wage might find themselves stuck in debt after putting their child through college. And even though people may say they want to better their lives and get out of poverty, many Americans believe that only certain jobs offer enough money to help them accomplish this goal. So how does Waters plan to ensure that low income individuals aren’t priced out of higher education? By limiting the amount of student loan forgiveness programs to those earning above $250,000 per year.

Who stands to lose the most if this bill passes? Well, wealthy donors like Warren Buffett, George Soros, and Bill Gates stand to benefit significantly from Waters’ bill. These men control over half of the nation’s wealth, and it seems pretty clear who they’re willing to give it to. According to Forbes, these three billionaires are sitting atop a combined net worth of $104 billion dollars. And the average American family makes around $50,000 per year. Clearly, the rich are going to get richer while the rest of us struggle just to survive.

Waters’ bill isn’t entirely without merit. There are times when students should be able to take on loans without incurring crippling debt. However, this is not one of those times. While she claims this bill aims to create opportunities for young entrepreneurs and innovators, it appears that the real beneficiaries of Waters’ proposal will be those already enjoying high incomes. Regardless of your political views, this kind of blatant corruption needs to stop! This is America, not Zimbabwe. We need to start treating each other with basic respect and dignity.

Do Children Of Congress Have To Pay Back Student Loans?

The article starts out talking about how congress members get student loans forgiven, then goes on to say that they don’t have to pay back the student loan debt. I thought that was pretty interesting!

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Do Children Of Congress Have To Pay Back Student Loans?

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Do Children Of Congress Have To Pay Back Student Loans?

A recent study reported that students who had attended at least 12 years of public school were $21,000 worse off than their private-school peers after graduation. According to the report, the average student loan debt for those attending public schools was $23,000 higher compared with those attending private schools.

The study looked at 4.7 million people – 2% of whom graduated from high school in 2013.

After comparing the differences between graduates from both environments, researchers calculated what it would cost to repay student loans if the same amount borrowed to attend a private school instead of a public school.

According to the study, graduates from private schools paid back $32,500 less on average than those attending public schools. Graduates from public schools generally had significantly larger debts than those from private schools.

Graduates from public schools spent almost twice as much time repaying their student loans compared with private school grads.

The study noted that while public schools have access to financial aid, they often lack the necessary funding to provide quality education to all students.

What do you think? Can we afford to keep sending our children to these failing institutions?

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