Student loans account for $1.04 trillion in debt, and 58% of the debt is held by households with a net worth of $8500 or less. 13.6% of for-profit college borrowers defaulted on loans within 2 years, and 21.8% defaulted after 3 years.
Job prospects are bleak for the young, and Obamacare enrollments are lacking in this age group.
Solution: Take 50% of each borrower's federal tax bill and send it to their student loan provider to satisfy a portion of their debt.
2 requirements: The borrower must
1) Make on-time student loan payments for the past 12 months, and
2) Carry health insurance.
Give the youth something in return for signing up for expensive health care that they don't want or need in the form of their own hard-earned money to pay their debt. Defaults decline, ACA increases.