It's time to enact legislation to forgive student loan debt.
Student loan debt is greater than credit card debt. It has surpassed ONE TRILLION DOLLARS.
New graduates leaving college with large debts from inflated fees are facing bleak job prospects. Americans should value education and encourage its acquisition but should not be required to go into debt to achieve it.
$120 Billion of those student loans are already in default. The government bailed out banks and Wall Street. It should bail out its citizens.
Since 1999 student loan debt has increased by %500 (no typo).
A few bills are already circulating regarding student loan debt forgiveness. It's time to enact legislation to erase debt from students until unemployment rates return to normal and the economy recovers.