Again we heard the unfortunate situation where the young Americans were cheated left and right, and from north to south. Recently we learned more from CFPB (Consumers Financial Protection Bureau) how students get cheated when paying their loans. Not only that they have to deal with the ever increasing college education cost, but they also have to deal with other financial burdens in the loans repayment period. How should Uncle Sam deal with this reality? If the country can send the first human to walk in the moon, why can’t it deal with the skyrocketed college education cost, student loans and other negative financial impacts related to paying back the loans? The student loans problem must be very difficult (yes, you read it right–VERY DIFFICULT) to be solved. It must be more difficult to overcome the challenges compared to those of preparing Neil Armstrong as the first human to step on the moon.
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