[Shivetya]

I am thinking her name should be Senator Soundbite. The majority of students have twenty five thousand or less in student loans.

There are better alternatives than adjusting the rate to making sure students who want an education can afford it. Increasing Pell grants is one, having colleges which don't have price ceiling match them or not receive aid is another. Public Service programs which give way to loan forgiveness; you pay a percent of income for a number of years and the loan is forgiven provided you choose an approved career path. I would love to see another alternative listed in a recent businessweek article, limiting loan amounts based on what is studied. That would fix the problem with some colleges which sell degrees in low paying fields but charge exorbitant fees.

Still key is the rampant rise in tuition and related costs which is a reflection of easy money, as in the loans are just so easy to get