Due to the financial crisis most graduates can barely afford their student loan payments because they are underemployed and/or unemployed. The Federal Government will make 7.9% on the loans taken out during the second to worse recession in this country's history. While there are programs for homeowners, nothing is being done for students with record amounts of debt. To ensure that the interest rate does not stifle future innovation and spending the Federal student loan rate should be allowed to fluctuate so that in times of poor economic performance graduating students do not have to pay higher rates. The inability to afford student loan debt makes it hard if not impossible for this group to ever own homes, start a family, a business, etc. for at least 5 years because they owe so much.



