Most Read
Image 01 Image 02 Image 03

2020 Dem Hopeful Pete Buttigieg has Large Amount of College Debt

2020 Dem Hopeful Pete Buttigieg has Large Amount of College Debt

“Democratic presidential candidate Pete Buttigieg knows firsthand the burden of six-figure student loan debt.”

https://youtu.be/QCejczbSMVE

The Associated Press report below is a classic example of media bias. Note how the issue is framed, right from the headline.

The subtext is clear. Buttigieg’s failure to pay off his student loans is a good thing because it brings focus to the issue.

Buttigieg’s high college debt draws attention to the issue

Democratic presidential candidate Pete Buttigieg knows firsthand the burden of six-figure student loan debt. He and his husband, Chasten, are far from alone, though, and their personal college indebtedness is helping to keep the issue on the national stage.

With loans totaling more than $130,000, they are among the 43 million people in the United States who owe federal student loan debt.

The debtors are so numerous and the total debt so high — more than $1.447 trillion, according to federal statistics — that several of the Democratic candidates have made major policy proposals to address the crisis. Their ideas include wiping away debt, lowering interest rates, expanding programs that tie repayment terms to income and making college free or debt-free.

Student loan debt is often discussed as an issue that mostly affects millennials, but it cuts across age groups. Federal statistics show that about 7.8 million people age 50 and older owe a combined $291.9 billion in student loans. People age 35 to 49, a group that covers older millennials such as Buttigieg as well as Generation X, owe $548.4 billion. That group includes more than 14 million people.

One of the most detailed plans to address the problem has come from Sen. Elizabeth Warren of Massachusetts, who says she would entirely erase student debt for 75% of borrowers while making public colleges and universities free. Her plan would be paid for by a tax on “ultra-millionaires,” those households with a net worth of $50 million or more. Warren wants to cancel $50,000 in student loan debt for each borrower with a household income under $100,000 and would cancel smaller amounts for those who earn more.

DONATE

Donations tax deductible
to the full extent allowed by law.

Comments

Here are a few ideas:
WORK your way through college. Pay for classes you can afford, it might take a little longer to finish, but you won’t be in debt,
Start at a junior college and complete the gen eds there, at a considerably lower cost.
If you insist on taking out loans, begin paying the interest right away, you won’t be buried in compounding interest costs.
These are all common sense….which isn’t taught. Neither is consumer ed taught at the high school level.
Shame on the education system, shame on the parents for also not teaching their children to do this,

Oh, and live within your means while you are paying off your debt. Another novel idea.

    stl in reply to herm2416. | June 10, 2019 at 11:06 am

    You’ll also appreciate the degree way more because you paid for it, will likely have learned more, and will likely make better use of said education.

      healthguyfsu in reply to stl. | June 10, 2019 at 11:50 am

      and you might be more mature when you get out if it takes longer.

        herm2416 in reply to healthguyfsu. | June 10, 2019 at 6:17 pm

        Nine years of nights and weekends, one full time, one part time job. NO DEBT. You better believe I appreciated my education. My mom and dad didn’t believe girls should go to college…..I’m the only one ion my family with a degree, and a double major.

According to the Indy Star (Indianapolis newspaper) Mayor Pete makes over $104,000 (doesn’t breakdown if that includes benefits, likely doesn’t and may be another $30,000. If domestic partner makes $25,000 (I assume he is a government employee as well and probably makes more) they should be able to pay off $130,000 EASILY!!!

Font Resize
Contrast Mode
Send this to a friend