A Solution to Student-Loan Crisis: No More Risk-Free Loans

Student-loan debt has spiraled out of control and is now second only to housing debt in the United States
A Solution to Student-Loan Crisis: No More Risk-Free Loans
The Columbia University campus in New York in a file photo. Mario Tama/Getty Images
Fergus Hodgson
Updated:
After snowballing for a generation, the student-loan crisis has taken center stage in the 2020 race to the White House, at least for Democratic contenders. Candidates are promising everything from tuition-free college to debt forgiveness.
Even President Donald Trump has considered capping payments at 12.5 percent of discretionary income and forgiving loans when they reach 15 years.
Fergus Hodgson
Fergus Hodgson
Author
Fergus Hodgson is the director of “ Econ Americas”, a financial consultancy, and publisher of the “ Impunity Observer” , a geopolitical intelligence service. He is the author of “ Financial Sovereignty for Canadians: Untether Yourself from the Ottawa Leviathan (2024).”
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