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OP-ED: New Jersey can help students with their loan debt

Wednesday, June 5, 2019
BEVERLY BROWN RUGGIA AND STEPHAN LALLY | NJ Spotlight

Last month 400 extremely fortunate Morehouse College graduates flipped their tassels to the amazing revelation that they would be starting their post-college careers without student debt. Richard Smith, an incredibly generous billionaire from Texas, has pledged to pay off all of their student loans.

Smith’s gesture is noble, but unfortunately most other college graduates can’t count on the generosity of billionaires to pay off their loans. His gesture won’t cover the $1.5 trillion that 44 million Americans owe in student debt or the even $43 billion that 1.1 million New Jersey student-loan borrowers owe.

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