while I agree that students should be responsible for what they borrowed, I think the lending rates should have been less than what they were and I would support re-writing of the loans with low interest. After all, if we could give the big banks no interest bail outs during the recession, we should be able to help the students. Remember, tuition is about 200 times what it was when we went to college and I can remember that there was an interest free period after graduation when you could pay off the loan if you were able to save enough. It's graduate school that's killing the young kids....the private loans that they have to take to cover expenses have interest accruing immediately. Too often, we look at things thru the lens of what we went thru and think things are the same--they are not. A one bedroom one bath apartment in Orlando is $1300-- a lot to pay when you are in your first job.
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