Senator Paid off Student Loan Debt – Dec 6th, 2012

6 Dec

Senator Marco Rubio from Florida has just paid off his student loan. He had $150,000 loan while he was in law school. In his case, he had written a book, “An American Son” and the proceeds of the book helped him pay off his student debt. He graduated from a law school and passed a bar exam, and then has become a senator. Writing and selling the book was a bonus to pay off the student debt faster. But reality is that many people won’t finish school – about 50% of public college students, at the same time accumulate an enormous amount of student loan debt.

Is it just an issue of college affordability or something more complex such as college admission policy?

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