The house bubble has left many in the country without a major asset, a home. During the recession many out of work individuals returned to school seeking a degree and career options. Some found success, but most left college with a debt of $35,000. Senior Government Official A. Wayne Johnson has seen enough and recently stepped down from his post in the Department of Education. Once a hand picked associate of Secretary of Education Betsy DeVos, Johnson has suggested forgiving $50,000 of debt to help keep the economic moving.
A senior government official appointed by Education Secretary Betsy DeVos resigned Thursday, saying the current student loan system is “fundamentally broken” and calling for billions of dollars in debt to be forgiven.
the Java Exchange 