Student loans are worth having unforgettable memories.
Missouri Secretary of State Jason Kander estimated student debt totals $1.2 trillion nationwide.
Of the $1.3 trillion in U.S. student debt, graduate students owe 40 percent of it on average, said Rep. Kip Kendrick, D-Columbia.
With President Obama’s plan, the remaining amount of an undergraduate’s debt will be removed after 20 years.
According to the report, MU tuition has nearly doubled since 1994 and loans make up almost 70 percent of all financial aid in Missouri.
McCaskill has backed a fully paid for bill to lower loan interest rates.
Congress voted to increase student loan rates again, but that’s not the problem. The current system should be overhauled to provide an investment in Americans seeking to contribute to the economy.
In 2011, 59 percent of MU graduates had debt.
Schools with excessive default rates can lose eligibility for federal aid programs.
The changes for graduate student loans will go into effect July 1, 2012.
Pell Grant funding will drop to its lowest level since 1998.
The program is set to expire in two years.
The Maneater and several other college publications took part in a conference call with the president Monday.
MU default rates and statewide rates have both fallen.