As November gets closer…
so does the 2016 Presidential Election.
And we are starting to learn more about where each candidate stands on certain issues.
Student loan debt is a pretty debated topic these days. The total amount of student loan debt in the United States is now over $1.3 trillion.
Each presidential nominee will have to have a strong stance on student loans. Especially if they want to win over Americans with thousands of dollars of student loan debt.
Student loan debt might affect Millennials more than any generation. They have too much student loan debt. And they don’t make as much money as the generations before them.
Donald Trump has a particular stance that won’t sit well with some college majors.
Trump and his campaign want to exclude certain majors from qualifying for student loans. Some examples of these are Liberal Arts majors like English, Philosophy, Political Science and fine arts majors.
The general rule of thumb for Trump’s student loan proposal is:
If you cannot get a job with the degree, then the student should not receive student loans from their school.
If the major gives the student a chance to make good money after college, then they’ll have a better shot at receiving student loans.
Liberal Arts majors don’t exactly have the greatest employment rates in the country.
But the other side of the argument is:
Liberal Arts majors can find their way into jobs that aren’t related to their degrees.
But that fact would not matter if Trump’s campaign gets their way this November.
What’s your opinion on this?
Do you have one of the majors listed above and received student loans?
Are you employed with a good job?
Let’s start a friendly discussion down in the comments section.