Those who graduated in 2008 and since have been forced to take low paying jobs; many have staggering student loan debt. Those that make 25K a year and pay OVER 1,000 per month in student loan payments are paying almost 50% of their income. Many of these folks are going into default on these loans and the lenders refuse to reduce monthly payments. No one wins if these loans go into default.
These young people can't afford to live on their own, buy cars and other goods, or pay for health insurance because their monthly payments require too much of their income.
We taxpayers gave the banks billions in bailouts without any requirement of payback. Why can't we lower payments on all student loans so people can afford payments and perhaps put that additional money back into the economy?