Student Loan Delinquencies Surge to Alarming Levels--Credit Score Report

[Xolodno]

2. Forgiveness for loans after a period of time.

That would go a long way, then they would just be liable for the tax which can be paid over time like currently, but more manageable.

And of course major reforms.

1. No loans for private schools. They inflate things and force every penny from the loan while guaranteeing you a job.....at Wal Mart.

2. Actually forgive the loans for people who do work as teachers, public sector, non profit, etc. People forgo higher wage jobs for this only to find out, the loan company never kept accurate records or didn't even bother keeping records. Sometimes out right denying they were in a sector that could be construed as forgivable.

3. Scrutinize Public Universities. Chancellors often add "needed" courses to keep the students there longer. Maybe cap administrators pay, number of courses a loan will cover (you know, return to the four year degree algorithm instead of lip service to where its now five or even six), etc. Chancellors should not be riding in limos or taking private jets to "education summits".