The United State government should allow those constituents with student loans to be able to pay those back with the additional following options.
- Allow borrowers to pay back student loans using pre-tax dollars from their pay directly to the lender
- Allow borrowers to pay back their student loans by being able to tranfer their IRA or Roth IRA directly to the lender without penalty or income/capital gain tax.
This would directly help the middle class pay off debt more quickly and without penalty, it would provide more options for payment, would encourage quicker repayment, create less default and bankruptcy, and be a relief of stress for those who endeavored to further their education.
I believe this would be a right and fair process directly helping the middle class.