Student loan lenders have students over a barrel at the time the universities present loan documents. We have been forced to accept higher than reasonable interest in many situations, because we were desperate to attend school. Very often, the high interest was unwarranted.
Many of us are stuck with high interest college loans from organizations that are in part funded or have been bailed out by our government. Our government should very strongly encourage or force these lenders to immediately lower our interest to reasonable, present day interest rates.
If graduates can't find jobs, how can they hope to pay high interest loans?