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"At this point, there are only two outcomes that can help us: the government decides to alleviate debt at a certain percentage and claim it as a screw up, or, a

• rglover 14y ago
  At a certain percentage. Ideally, this would mean not even forgiving part of the debt, but preventing interest from accruing. How are people supposed to pay off the actual debt if they can't even get past the interest (common for a lot of people)? It's defeatist for the average person because it's never ending. There should be some hope/ability to pay off their debt. The idea is to make sure the debt does get paid off (otherwise there would be an even bigger mess), but make it easier for people to actually eliminate the debt (i.e. don't make paying interest only look like a deal when in turn it's a never ending loop). I mentioned this in another comment here, but the reason I wrote this is for other people who lack the sense to understand the situation they're in. It may sound silly, but a lot of people are oblivious to just how serious the loans are. I don't understand the concept of making it extremely easy to borrow, but even more difficult to pay off.