President Obama should forgive all student loans up to June 30th of 2013. Including all public service employees such as teachers and military. An executive order should be issued to cap interest for all future student loans at 4%; to end the ridiculous interest rate of 5-9%.
Student debt amounts to about $1 trillion dollars. Students are drowning in debt, struggling to find jobs, and our economy can slip into a recession at a moment’s notice.
Imagine the extra money that you would have to spend, invest, or save! This could be beneficial for our generation and future generations. The economy would not have to rely on the fed pumping money into it.
President Obama bailed out banks with OUR tax money while they were foreclosing and kicking us out of OUR homes.