Crushing student loan debt already is costing America’s economy. A lot of those people will never be able to buy houses. That’s far from just a “tgem” problem when it’s 1/5th to 1/4th of the population. That effects the whole economy. Given that government interference created a bubble which artificially drove up tuition, some kind of bailout is in order. This is very similar to the real estate bubble.
“Given that government interference created a bubble which artificially drove up tuition, some kind of bailout is in order.”
No it is not.
Do you always blame others for your (or your kids) bad decisions, or just with things related to college?
“Crushing student loan debt ...”
The article points out that the median debt is less than $20,000 in all ten states. That means that half the people in student debt (less than 10% of the population) owe less than the cost of a cheaper car. Most of the upper half owe less than the cost of an SUV. That hardly appears to be crushing debt that would prevent them from buying a house or saving for retirement unless the only job they can get with their gender studies, English or sociology degree is making lattes or community organizing.