Student Loan Forgiveness

[innen_oda]

A better idea is just to give Pell Grants to everyone as pretty much all kids start out life broke regardless of what your parents make.  Lower the cost of doing this by taking away the free interest on loans while in school and set all interest to a flat 4%.

Something similar to how they handle it in Australia might be nice. Everyone is entitled to an interest-free government loan for their studies, which is not paid back until you reach a certain income level, and then is repaid based on your income (so someone earning $100 000 right out of uni starts repaying a large proportion of their studies immediately, whereas someone earning $45 000 three years after graduating, doesn't pay anything for those first three years, and then only a small percentage of their salary).
It stops universities offering nearly as many useless degrees (because if no one in a specific school is ever able to repay their loan, the government starts asking questions), and allows everyone the opportunity to attend uni if they wish while still putting some sort of cost and limits on study.

Of course, the government there is gutting the system bit by bit, because educated people tend to inconvenient to governments. Perhaps the US could take over for Australia in offering fair and equitable education access.