[Trapped Behind Enemy Lines]

Here’s a better plan to lower student loan debt:

1) Pick a university that is affordable.

2) Save money by living at home and commuting to school.

3) Work your way through college.

4) Keep borrowing to a minimum.

I know. I did it.

[stephenjohnbanker]

So did I, and it works every time it’s tried.

[struggle]

Exactly. Community college works just as well as a 4-year college.

[Vigilanteman]

Sensible plan.

However, political reality is that some bailout is inevitable. A partial bailout in return for getting the government out of the loan business completely would be a bargain.

Logical Seven Point solution to the student loan crisis:

1. Write off 25%. This is a necessary concession to the debtors who, in many cases, were duped into taking out loans they couldn't afford.
   
2. Return 75% to the institutions of origin for collection.
   
3. Institutes get to keep 5% of the 75% for their trouble but must remit the 70% back to the government.
   
4. They are free to hold up transcripts, cancel degrees and employ all the other measures they did to collect against the debtors as when they were students.
   
5. If the institutions still cannot pay back the government within the normal loan times, the government is free to attach their endowments, real estate and other assets.
   
6. Government gets completely out of the loan business and encourages the institutions to line up their own lenders. If a tiny college like Hillsdale (Michigan) can do it, then there is no reason anyone else can't do the same.

   Yes, the taxpayer takes a 30% hit up front to liquidate this crisis, but that is far better than continuing to grow this monster.

[BitWielder1]

And if you actually had to work for your degree, you're also much more likely to make good use of it and land a tax paying job.
Hillary's plan is just to create more people used and addicted to government handouts.

[PLMerite]

5) Put the lending institutions on the hook for the monies they lend. That way they’ll be far less likely to take the risk of financing degrees in “Lesbian Poetry” and other “basket weaving” majors.

[metmom]

Me, too.

It worked.

[CrazyIvan]

“I know. I did it.”

Didn’t major in sustainable black transgendered basket weaving either, did you?