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Tiffany Dena Loftin of United States Student Association on the nearly $1 trillion of outstanding education loans.
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Program about the huge outstanding student loan debt it's nearly trillion dollars.
A new study shows 30% of those students with -- loans dropped out.
That's a much worse failure rate -- mortgages -- behind in the real estate crash.
Joining us now is Tiffany being -- in the she is vice president of the United States Student Association Tiffany welcome to the program would have it would make them that things unless -- -- this seems to me like a huge problem 30%.
Of the kids who go out that they get themselves in debt and -- -- end up with a degree.
I see that as a problem -- Wanda do you have any solution for this what you coming from.
I think that's absolutely a problem for short the problem students are taking out maybe 2530000.
Dollars in debt by their -- -- they wanna leave school.
Not by choice I'm sure it's because students are working jobs students have.
Family problems contributions scores of sitting really really really expensive and students are taking out loans anymore -- that going take off time to get new jobs and able to say what little money available what do you have any idea what a solution might be.
Yeah there are plenty of solutions and we're looking for congress right now I short term -- of the past 3.4 percent interest rate.
To stay at that level because July Priscilla expire and go back up so there are plenty of solutions want funding for higher education one stop -- my.
We have this public whenever I mean what what you want what you're looking for than he's mole on taxpayer money being thrown into education -- that's what you look and fall but ultimate -- -- -- -- -- -- Charles Hynes.
Itching to get -- to -- out of I'm listening to all of we -- these kids were approved for dropping out and then -- solution has nothing.
If if if it enters a zero.
When they still have to help the parents when they still have to have always stresses that you're describing.
How would that be the solution I don't think it's about money -- -- -- you're selling us.
It's not a monetary thing and it's certainly not -- individual.
It's in other words these kids just simply walking out not being up to the task.
Right so I don't think we're kids I think we're students I don't think we're pumping out I think it's a lot of options where you have on students are going to school and a 30% interest -- -- 30% of students that are dropping out you're absolutely right that's a huge problem.
But education should be our priority and we know that going to school and attaining a college education we'll get you more money in your job moving forward and -- about it with your family but you know it yet highly confrontational -- and -- go to school on YouTube encouraging.
People to take a lousy bet -- 30% of the people who go to school saddle themselves with debts.
By the end up with no degree why are you encouraging more kids to do the same thing you know -- not offering -- -- -- -- you -- -- -- -- -- -- books.
They're right here right your right and I think with a bigger problem is -- -- 'cause not affordable accessible for students why do we have to take out loans to begin with in the first place.
It's an and that's why do you have said it -- the greater investment and you know I am gonna make more money for it you can't have a both ways I think he just can't simply have a both -- we invest the life of someone opened the restaurant today a pizzeria.
And -- -- the million dollars they would be a -- down a million dollars on day one but that's an about.
They realize a year 235 years later it would pay offer them this is what people do -- -- -- again.
Right so -- education of course is a priority for a lot of students my mom told me to go to school.
That was what but I had to do I'm -- generation students are going to school for me was not an -- it was something you have to do which -- due to be able to afford -- get -- -- you're right.
Student loan -- right now the huge issue it's hit one trillion dollars students are graduating with 25000.
Dollars in debt.
There's by the mortgage loans and we don't have houses like we don't we don't have -- 171819.
Years on graduating with this much debt it's a huge problem your -- but higher education and binding by higher education is a huge solutions that though because if you have if you have to listen and and that increased pell grants and a source of funding fed to make up for the gap of what if that tuition costs under -- and got up 30% out of.
This suggests that students make a better investment bet.
The bet that the making it a moment is not a good bet it really is.
And -- fill that web site activation of that Betsy -- that's not how I look at higher education I graduated last June basement of the business is that it is an investment decision and -- that that's the page eight that they don't calculating it rhymes -- -- -- -- best decision to do as the calculation and nothing was not quite a bit different it's 30% drop pounds.
With a load around -- neck that's not a good investment is and how much did you graduate with college how does that did you graduate when you graduated college I -- -- -- refused an order value is ago for -- I got some legitimate and yeah and how much of it is 45 years -- besides it was a different system and -- from England I was given -- important to go to school it was and we hope that we can get grants to as a we're trying to -- we're trying to get -- -- trying to get scholarships are trying to -- that all of the affordable finding that we just -- more please press let me tell you don't vote.
It's not taxpayers gotten the money is not going to have now that is and so that's what that's about -- yeah.
So it isolated shared interest and France on loans it is you -- subsidized heavily by the taxpayer you simply want -- the situation right now is not looking you can't have any and that's play any of other spaces where people can get student loans as Wells Fargo that Saudi -- -- Bank of America there's private loans it's not just federal loans at a at a problem is the fact that students.
Aren't able to access higher education and the people should know.
That to colleges costs too much money immigrants not yet much money you tell a volatile -- -- -- about cutting costs that will be a good stop wouldn't it and so my hope that the country client funds high dollar engines caught at maybe.
Thanks very much indeed ticketed in a -- -- -- -- -- --
