EAST LANSING, MI. (WLNS)- Student loan debt continues to grow. And today, U.S. Senator Debbie Stabenow spoke to MSU students about lowering student debt.
Her #InTheRed campaign aims to push Congress to address the high cost of college this year.
In the U.S., Americans owe more than $1 trillion in student loans. And two thirds of college students graduated with debt last year.
Student loan debt — it’s a burden on students across the country.
So we asked some students at MSU: How far would you go to avoid paying student loans?
“Move to a different country and change my name – just leave, never look back,” said MSU junior Alex Besinger.
“I would shave off my head and be bald for the rest of my life,” said MSU freshman Megan Frick.
And those aren’t the only options.
A February 2016 student loan borrower survey by Lendedu shows, to completely avoid debt — more than half would take a punch from Mike Tyson, one fifth would wear the same outfit for the rest of their lives, and five percent of responders would even move to Syria.
But U.S. Senator Debbie Stabenow is working to make sure students don’t have to go that far.
“Everybody ought to have a chance to dream big dreams, and be successful, and to have the opportunities to go as far as they can go,” Sen. Stabenow said.
Sen. Stabenow spoke with MSU students today about the Reducing Educational Debt — or “RED” — Act.
It would create more Pell Grants and allow students to refinance their loans at lower interest rates. Sen. Stabenow says it’s an important step to take.
“We’ve got to put in place things that are going to bring costs down,” Sen. Stabenow said. “They’re going to help people be able to go to college – debt free.”
And for MSU senior Joshua Dolphin, being debt free would allow him to worry less about having enough money in the future.
“I could travel — maybe not work a terrible job, have a job that I love,” Dolphin said.
Doing what you love — without breaking the bank.
Sen. Stabenow says she hopes the bill gets support from both parties in Washington.