Student Loan Crisis:
This idea is not centered around forgiveness but it will give people a chance to get ahead. The three concepts I have written congress about multiple times and some stupid reply.
- There is a 2,500 dollar cap on the deductibility of student loan interest. Get rid of the cap or at least make it 12,500.
- Create a freeze on student loan interest rates for people who are making monthly payments. If the interest rate is temporarily frozen it will give people a chance to pay down their balance.
- Allow businesses to make tax-deductible contributions toward their employees student loans. Make this a tax-free fringe benefit to the employee up to 10,000 per year.