National Aeronautics and Space Administration

Forgive Some Private Student Loans to Stimulate the Economy

The economy is a mess with several economic indices approaching levels of those seen in the 1930s. There are several stimuli, but there is one important item that has been overlooked: student loan debt is a tremendous economic burden to the work force. Forgive some private student loans for graduates with overbearing debt – debt that (a) is crippling that person’s development after being in the workforce for some period of time and (b) if forgiven, would allow that person to contribute immensely to the economy.

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Idea No. 16751