Having two college degrees cost me a lot of money. I had to take out several student loans to finance my education. College tuition (and the related costs and fees) are quite expensive, but coupled with interest on those loans compounded daily the amount owed at the end of a college education becomes exorbitant. I am no expert on the Church's teaching regarding usury (mainly due to the fact that no priests or bishops seem to preach on this matter any longer, and I have found it extremely hard to find good, definitive infomation regarding this matter), but I know in my heart that it is wrong to penalize responsible new college graduates with student loans bloated beyond reasonableness with interest.
After paying my student loan payments, rent, and utilities, I have almost no money left from my monthly salary. If it were not for the fact that my wife is a full-time college student receiving financial aid (some of which we will have to start paying back in a year's time), we would not have enough money to buy groceries or gas. What is the solution to my situation, a situation that millions of other new college graduates face? I don't think the solution can be found in a government program, tax breaks, public service breaks, etc. I truly believe the only solution can be found in creating a new society guided by the econimic principles of the Catholic Church, a society in which usury is illegal. The older I get the more convinced I am that a truly Catholic monarchy must be established or re-established in order for justice to reign in the world.