The U.S. barely has barely the money to fund the loan programs in the first place. We are $5 trillion in debt right now, and its rising every year. Indirectly we are borrowing this money from our children and grandchildren. Basically if you do not think you should pay off your loan, you are stealing from your kids education. Don’t get me wrong, I think America needs to help its citizens get a higher education, but not to forgive loans for lazy graduates that don’t want to budget their money.

The crack down on defaulted student loans needs to be a lot harsher. This would prevent others from following in the dead beats footsteps. If we can get this money back, we could use it to lend out again. People would be likely to borrow only what they need if they knew they would have to face heavy punishment for non-payment. This also would lead to more money in the system. It should go unsaid that people need to have the morals to pay back what they owe.