We encourage visitors of this site to read Part 1, before reading through Part II. The Association has presented a table to show where the candidates for the 2020 big dance stand. However, it will be beneficial to understand what systematic errors (SE), which is one of the culprits that have caused the ballooning of student loan debt are. A simple example which may help to understand SE is using a bad or malfunction thermometer to measure how high the daily temperature in a room within a week time. The result will be well predicted is that none of the measure is accurate. Therefore, in order to correct the issue, get rid of the bad thermometer and replace it with a new, and good one. As simple as that.
The same idea can be applies to address the student loan debt. The skyrocketed of the debt has been caused by the systematic errors brought by all entities or players (Examples are: the loan servicing companies, the college, the lawmakers, the DOE and others) involved in the student loan system for decades. Now, the public sees the $1.5 trillion loan debt. But, one needs to remember that this is caused by “errors” that have been purposely induced in the system that benefit the individual entity in the expense of the students, their family and to sum them up the American public. Therefore, to solve the current student loan debt, the whole system needs to be reset. It needs to start from ground zero, for no one knows where to start if one needs to partially solve the issue. For example, if one tries to detangle the water hose, she or he needs to know where to start. Unfortunately, this is not the case for detangling the student loan debt. No one knows where to begin–not even the administrator or the lawmakers on the Hill. Therefore, the only way to fix the system, if there is the will to do so, is to wipe everything out and reset the whole thing. This is the first step and a necessary condition to solve the problem. Will this make every single head in the country in agreement and happy. The answer is no. By now the readers should know why and who will not happy. Any one that got her or his pocket impacted will make the loud voice. However, Uncle Sam needs to start some where.
With this in mind, the readers and visitors of this site can look at the table, and find out which candidate(s) will score high in this particular issue (please look on the list who score a 5 in that column). BTW, the Association does not have any association with any of these candidates. Our mission is to apply analytics and analyze the issue and share the logic to the American public, so that everyone will understand the “real” cause and the root of the problems.
