John E Deaton
John E Deaton|Feb 15, 2026 18:02
Student loan debt is at 1.8T with delinquencies nearing ATH. I’ll never support making plumbers pay for Harvard MBAs. Politicians promising to pay off people’s student loans are trying to buy votes with false promises. I have a student loan plan that addresses the problem. First, Colleges must be part of the loan liability. If a student defaults on the loan - the college feels it. This will help control costs and encourage colleges to offer degrees that lead to job placement. Furthermore, Colleges will become more incentivized to help students with job placement. My plan also eliminates compound interest and substitutes a “Pay-As-You-Work” system. When working, you pay 3-5% of your salary towards your loan and it’s capped at 1.5X the principal. If you’re not working, you don’t owe and there’s no interest compounding. There are common sense solutions to our problems. We just need common sense politicians to get elected. #mapoli #MASen #Deaton(John E Deaton)
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