It’s hard to believe, but the average college graduate in America leaves school about $35,000 in debt. This is a serious problem for both new graduates and their future employers, because it’s just one more barrier to tackling the tough job market. Recent grads don’t have the same earning power as someone who has been working for 10 years, so they may have to take jobs that are below their level of experience and education. Employers with employees saddled with high student loan debt levels could see decreased productivity and unhappy workers.

Thankfully, there are some good solutions being explored to help solve this issue. One of these solutions is the idea of student loan forgiveness. This is when the government would forgive the amount of money a student loan debt during a specific time period. Many professors and politicians have been pushing for this program and it has slowly gained some traction in recent years. But will it ever really happen? It’s hard to say, but we can certainly applaud anyone who is working toward making it happen sooner rather than later. The Importance of Student Loan Forgiveness Programs

One of the most outspoken proponents of this program is Natixis John Hailer, who is the campus director at his alma mater, Loyola University in Chicago. John has plenty of experience to back up his arguments for student loan forgiveness programs. After getting a degree in accounting from Loyola in 1992, John went on to work for several financial institutions that he built into large-scale success stories. John Hailer is a perfect example of a college graduate who has been able to use his education and experiences to become successful in his career. But what kind of experience John has had in the financial industry would influence the way he thinks about student loan forgiveness programs?

Joining an international financial institution

One of the first jobs that Natixis CEO John Hailer held after receiving his degree was at a large international investment bank. At this time, he was involved in all aspects of the business, including taking care of new account openings and investments.

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