Student loans are having a crippling effect on college graduates. Some estimates have the total amount owed by student after they graduate at over $1.2 Trillion dollars.
One way to ease this burden would be to remove all interest from student loans. This would allow graduates to pay off their student loans in less time. And once relieved of that debt at an earlier point they would be able to buy a home at a younger age, save for retirement, or start saving for their own children's education. This would also enable graduates more time to find a career as they would no longer be penalized with negative amortization while in a deferment or forbearance period.



