I myself have several thousand in student loans. However, I was wise enough to get a masters’ degree that will allow me to enjoy fruitful employment, so I will have no problem paying my student loans. The issue isn’t just student loans. It’s stupid hippy liberal kids getting useless degree’s like “Womyn’s Studies” or “Musical Theater” or “Art History.” These degrees guarantee that students are too financially strapped to pay their loans. Federal loan programs should be reformed so that they are only extended to majors that have a clear marketable use.
My pipe dream is to get them out of the business completely and let the private sector charge interest rates commensurate with marketability. Mechanical engineering or nursing, maybe 5%. Business, maybe 7%. Womyn's studies, try 35%.