Jamie Dimon, CEO of JPMorgan Chase, called it shameful and harmful to America the situation in the area of student lending.
Speaking at the opening of its new flagship branch in Midtown Manhattan, he said that the irresponsibility showed by the government, allowing to issue with 2010 loans of more than $1 trillion, some of which are now presidential candidates for the Democratic nomination, including Bernie Sanders, I propose simply to write off.
“It is necessary to study the General situation, to correct deficiencies and then to forgive the debt of those who are in need, said the Daimon. — It is necessary to provide financial assistance to those who want to pursue higher education, but universities themselves should be responsible for the financial situation of their graduates.”
In his opinion, to offset the cost of debt relief is possible due to the financial transaction tax, which will pay investors. He also urged the University authorities not to chase the higher proportion of graduates.
“Responsible attitude to the students is that they do not have to borrow more than they can repay, having a job,” added Dimon.