More Big Brother government.
The answer to the student loan situation is simple.
Get the government out of the equation and require the borrower to pay the loan back as agreed.
It is not the constitutional responsibility of the government to extort money from taxpayers to help students through college.
A student loan is just another loan to buy something now and pay for it later - like a vehicle, a boat or a home and should be treated as such.
If the borrower has to pay their own loan, and the lending institution has to deal with the financial impact of bad loans, they will both be a little more responsible in seeking ans making loans.
That's the way it ought to be, but that's not the way it is. Student Loans and Parent PLUS loans hang on extorting payments forever.
The stated reason is that while a vehicle, a boat or a home can be repossessed if the borrower misses payments, they can't repossess a college education.
While that may be so, there is nothing to prevent them from holding transcripts or even revoking degrees. An educational institution which allows some nimrod to run up a $100,000 debt majoring in puppetry (the Occupy Wall Street poster boy) ought to share some of the responsibility just as institution which makes a $50K loan on a car worth $15K would have to.
There are a lot of reasonably priced colleges and universities out there which offer quality education for reasonable tuition. One of them, Hillsdale College in Michigan, even has their own group of lenders to make the loans at rates better than what Fedzilla offers. Why do you suppose that is?