Copyright © 2021 Donna Imam
Two-thirds of graduates carry over $30K in student loans, 1.5 times the total credit card debt. The federal government can garnish wages for defaulting on student loans without a court order. Filing bankruptcy is not an option, ever.
Falling behind in higher education and high skilled training is the single biggest threat to our economic prosperity and national security. Economic powers like China are pouring capital into students, making leaps in artificial intelligence and machine learning, gaining an advantage over the United States.
Donna’s Education for All (EDA):
- Halts interest accrual on existing balances, expands the student loan forgiveness program, and provides interest-free refinancing with the option to declare bankruptcy
- Mandates public education institutions and trade schools reduce the cost of higher education to half the current cost in four years
- Establishes a bidding system by which federal funds are awarded to public educational institutions and trade schools that meet and excel in five measurable criteria
EDA offers every student the opportunity for higher education or trade school through tuition-free and interest-free loan programs structured for repayment within a 10 year target. EDA enables young Americans to start a family and save for a home.