re: What is your best proposal to fix the student debt crisis?

It's just a different payment option a-hole. It allows them to pay based on a percentage of their income that should increase over time and won't cause a financial hardship earlier in their career when their earnings are lower. And not a single person cares about your son and his situation. You don't solve problems in a country with 340 million people based on personal anecdotes. Hopefully your son learned that because the concept is lost on you.

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It's just a different payment option a-hole. It allows them to pay based on a percentage of their income that should increase over time and won't cause a financial hardship earlier in their career when their earnings are lower. And not a single person cares about your son and his situation. You don't solve problems in a country with 340 million people based on personal anecdotes. Hopefully your son learned that because the concept is lost on you.

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It's not an anecdote, Skippy. It's a real life situation concerning the exact "crisis" that you think needs a solution. What my son learned is that if you work hard enough, and sacrifice, you can get yourself out from under the debt you accrued to get your education. He learned that he may have to take a job that's beneath his education level. He learned that he may have to eat Ramen noodles instead of going out with his friends. He learned personal responsibility. Which is the concept that is lost on you, and apparently all these people who claim there is a crisis.

Here's an anecdote for you. I sent my son a text, asking him if he was pissed, since he just paid off his loan. He said, "not really, I don't want the government's stolen money anyway." In my eyes, that's the problem we have in this country in a nutshell. You have some people raising their kids to be independent, self-reliant, productive citizens. And then you have a whole lot of people who are raising their kids to expect the government to solve the problems that they got themselves into, the same way their parents did when they were kids.

Make the Universities pay back the loans and then stop offering worthless degrees and then fire the faculty who teach worthless classes.

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What is your best proposal to fix the student debt crisis?

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programmers.

Toughen up admission standards and loan requirements. Push most kids into community colleges and trade schools and 2 yr programs.

Be responsible and pay your fricking loans. It’s not that hard.

Stupidity, laziness and greed are not a “crisis.”

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And "just pay back your loans" is not an option.

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So being responsible and paying your loan obligation is not an option? What you’re saying is we must formulate a strategy to reward irresponsibility.

Here, let’s try this as a partial solution to end the government subsidized pursuit of worthless college degrees.

If you’re not in a STEM degree program you do not get government money/loans for your degree…..go to a private lender, better yet frick all government involvement in higher education.

Tax endowments. Set up a direct revenue stream.

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The bolded entity is not getting NEARLY enough blame and discussion for this.

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Totally agree. You've got several parties in this mix with zero skin in the game, namely the banks and the schools. And the folks footing the bill, the taxpayer, have no say in the outcome. The whole situation is completely goat fricked.

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Close redundant and failing higher education institutions. Those places siphon their operating expenses from poorly prepared students who are subsidized by federal student loan debt.

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Good idea.