This is easier to resolve than people think.
Step 1: allow students to declare bankruptcy on their loans after a period of time if they don’t have employment capable of repaying those loans.
Step 2: claw the money back from the colleges and universities who used those students as conduits for loan money without educating them well enough to obtain loan-paying jobs.
Stick it to the overwhelmingly-liberal educational-industrial complex. They deserve it.
Another scary thing rarely mentioned is the existence of SLABS (student loan asset-backed securities), which risk a replay of the mortgage securitization mess of the previous decade. Those instruments really never should have been permitted, but, it’s too late now.
We need more free stuff!
All according to plan.
I don’t owe a thing.
The real number is at least twice that. Don’t ask me how I know but I do:)
Pay off your f***ing debt by picking fruit for the rest of your worthless lives, or pimp yourselves out on some sugar daddy website, because I absolutely refuse to pay for your lifestyle when as a young man I beat my brains out, pounding railroad spikes by hand on the track gang, and shovelling coal into a steam locomotive's firebox all day in the 103° August heat... just so I could put MYSELF through engineering school.
</rant>
And all Hillary has to do is utter the word “forgiveness” to ensure her electoral victory and a massive new wave of government employees.