Forgive all federal and private student loans in deferment or in repayment as an economic stimulus

In order to revive the struggling economy the large burden of student loans need to be forgiven. With the extra money individuals will be able to support the economic recovery and provide a real need for jobs due to demand from consumers. Forgiving all federal and private loans will also help the physcological well being of Americans and will help families be able to provide better for their families and in turn enjoy a better standard of living without the constant worrying about choosing which bills need to be paid. When people have more money to spend companies hire more to keep up with demand and thus the economy prospers.