We must learn from our recent history to prevent our economic collapse or further our current economic depression. We collectively sat by as a country and let subprime mortgage loans destroy American families and our economy. As we are slowly recovering a new and perhaps more daunting issue is looming in the land of the free, student loan debt.
With over 1 trillion in current outstanding student loan debt and a near double digit default rate the problem has escalated from a controversy to a crisis.
Therefore I petition the U.S. Government to pass a bill relieving student loan holders of their current debt after a five (5) year period and restructure the borrowing rules allowing bankruptcy protection, as well as maxing federal loans to 3,000.00 a year to prevent arbitrary tuition hikes