Social Security

Today the State Assembly held a hearing to see if legislative action is needed to tackle the rising debt problem.

By the time you finish reading these next three paragraphs, another young person will have slipped into default — an event that destroys credit, may delay marriage and children, home and car purchases, and even change the course of one’s life.

New research points to troubling trends for student loan borrowers.

Maine people deserve basic consumer protection against shady student loan companies. When the new Legislature meets early next year, lawmakers must join together and pass a student loan bill of rights.

A report from the Center for Responsible Lending says New Jersey residents carry a total outstanding student loan debt of about $41 billion dollars.

To clean up the mess, it’s time for some good old-fashioned debt forgiveness. If Mr. Obama could bail out the banks, Mr. Trump could do the same for students sold on a lousy idea by their government.

“In the aftermath of the financial crisis, we learned repeatedly about dubious practices among mortgage servicing companies that made it harder for homeowners trying to repay or renegotiate their loans. Now, similar horror stories are emerging about the companies servicing student loans.”

A recent report found that students that graduate with debt in Maryland continue to see the amount of debt they carry after graduation rise.