I supported the student loan reform and am glad that the bill was signed into law. This bill will provide many families of students assistance with the financial aid many require in order to attempt completing a college education today. Escalating costs for education have made attendance at a four year institution nearly unaffordable especially when more than one child is in college at the same time.
As an employee in a healthcare field, I see everyday the importance of educating more nurses, therapists, and physicians. The shortage of healthcare professionals is on the rise as is the number of healthcare providers nearing the age of retirement. These two factors combined with the fact that aging baby boomers will be accessing healthcare resources in ever increasing numbers points to why provisions within this bill are essential. By capping annual student loan repayments at 10 percent of the graduates income and forgiving loans for those that choose healthcare fields after 10 years of service, more students may be attracted into those healthcare fields thereby averting certain shortages and allowing for continued high quality healthcare delivery.