There has been an ongoing battle on student loans for the past four years. The current interest rates on federal loans are significant while private student loans are nearly double. I propose capping all student loan interest rates at 1% or 2%. Often students are paying double to triple their actual loan value making it difficult to get out of debt. Reducing interest rates will reduce debt, make education more affordable, and stimulate the economy.
Additionally, it may be worth the government getting out of the business of student loans and putting financing back on universities alone! Maybe tuition costs will become reasonable again if schools are responsible for solely financing their students. Many of these student loans today are predatory as evidenced in the ongoing lawsuits against many student loan servicers like Navient.