These things are ridiculous and predatory. They shackle kids that don't even allow to drink or a rent vehicles to shackle themselves with massive debt they may carry their entire lives. It weighs down individuals with stress / health / economic issues and sandbags our economy as a portion of people cannot participate in things like buying homes or starting families due to financial stress. Forgive all student loans and fund it with taxes on Wall St. We've bailed them out multiple times - it's their turn to return the favor.
I would be willing to compromise and allow people to repay student loans with a cap on the interest that can be charged against that loan i.e. you cannot make more than 150% of the original loan value over the course of the loan. Once you hit that percentage, all payment dollars go into the principle. The cycle of eternal debt has to stop.
Original source can be found here.
