The Student Loan Forgiveness Act — proposed by Michigan Representative Hansen Clarke (D) — aims to pardon outstanding student loan debt for Americans who have made payments equal to 10% of their discretionary income for 10 years. Theoretically, this bill would give borrowers something of a second chance, allowing them to use their money for investments and purchases, which, in turn, would create new jobs. On this week’s BTR Pulse, we asked young New Yorkers their thoughts on the bill, and whether they believe their college education was worth it.
Featured song: “It Is What It Is” by Casey Shea
For more information on the bill: The Student Loan Forgiveness Act
Photo credit: http://www.flickr.com/photos/55267995@N04/5160106616
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