Sen. Kirsten Gillibrand, D-N.Y., as reported by CNBC urged that “the regulator to consider refinancing of student loans as a top priority”.  This suggestion will help those graduates with existing loans.  However, in the long-run, it will not solve the student loans problem.  The Association has said repeatedly that the root of the problem is on college operational inefficiency, applying old management mindset & style and waste of its resources.  From our research, we found that US Colleges are managed and run without clear objectives.  Our study shows that most of them do not apply minimizing cost paradigms and do not have a clear idea how to set the tuition (pricing policy) appropriately and justly.  Rather, the institution has somewhat been transformed into a vehicle to maximize wealth of the management team and its inner circle on the cost of the students’, young Americans’ future and the country economy stability.  The Association has just posted an example yesterday how presidents of several community colleges in NC done it.  The loans which have reached $1.2 trillion may trigger financial crises in the near future.  Time is running out as day lapses! 

Please let us know what you guys think?