Reforming the Student Loan Payment

Betsy Devos has really been stepping up into the role as the Secretary of Education wonderfully. Students Loans have become a nightmare for many college graduates who have spent their years in school to obtain a degree. College and university are without a doubt unjustifiable expensive, with so many people needing loans just to become productive citizens in society.Betsy Devos has been working on a plan that would bring the entire student loan financier under one roof. This plan would be continuing on the Obama’s student loan plan. However, it will greatly improve on the plan in many ways.Her new plan will be turning what was once a good plan into a great plan.The reason behind this is that it will make the student loan which has risen to 1.3 trillion in federal loans much more efficient and effective in tracking the federal loan.It is without a doubt one of our nation s most crippling loans. The student loans systems are some what nefarious in their mission.

Although, it is just a business, many private loans, and federal loans impression many Americans into 30-year loans that keep them trapped in certain jobs and in certain careers until they can pay off their debt.The student national debt has been steadily rising and is a great burden to the overall national debt. Being able to manage the federal student loan will prove t be much more effective in the long-term and hopefully, with the right people involve the 1.3 trillion federal student loan debt will start to reduce.Betsy Devos has been doing a stellar job, thus far in doing everything she can to fix the broken educational system in our nations. Not only for the children in school but also in the area of college graduates who have gone to college or university to become highly successful individuals in society.

Her plan to have better education management of the federal student loan and make education less burdensome on students is a godsend to many people. Especially for those who do not have the means to private loans.Education should not be a luxury that only a few individuals can have but should be the pillar of our society as a whole. It is education and innovation that has greatly influenced the rise of our nations. the ability to think freely and to innovate is what has made our nation what it is today.However, with the rise of tuition and many corporate interests in supplying loans to students, the educational system has greatly been affected by this system. One can only hope that Betsy DeVos continues with her mission of creating a better educational system. The smart our children the better our future.