Jamie Dimon rips the student debt crisis as a disgrace

[Yo_Mama_Been_Loggin]

JP Morgan chief Jamie Dimon says we need to "fix the broken parts" of student lending in the United States, according to Yahoo Finance.

"What we've done is a disgrace and its hurting America," JP Morgan's chief executive officer told Yahoo Finance in an interview Tuesday.

With $1.6 trillion outstanding student debt in the United States, student lending is crippling many Americans. Today the average college graduate leaves school $30,000 in the debt, up from $10,000 in the 1990s.

"I think they should look at all parts of student lending, fix the broken parts, and then forgive those people [who] need forgiveness, and then help people get into school, and then make sure the schools are responsible in getting the kids out," Dimon said.

Student loan debt has been an issue addressed by many 2020 democratic hopefuls.

https://www.msn.com/en-us/money/markets/jamie-dimon-rips-the-student-debt-crisis-as-a-disgrace/ar-AADsdEs?li=BBnbfcN

[rurallib]

1. what's he smoking?

[smirkymonkey]

2. Yeah, this is a bit out of character.

What is he up to?

[drray23]

4. People who are heavily in debt from student loans

Cant get mortgages, spend on credit cards, put money into savings, meaning it's not good for bankers.

[Sherman A1]

5. Precisely

This is about his self interest and nothing more.

[rurallib]

6. knew it wasn't because of the good of the country

[Me.]

3. Teah, Yeah, Yeah

Now that he has his.....