Student Loan Debt Reform:
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I receive an annual bonus each year that is roughly 10% my salary and it’s typically taxed at about 40%. I recommend allowing employees to choose to defer the entire amount tax free to their student loans. In my case, I could have mine paid off in 5 years or less.
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Encourage more businesses to pay off good employees student loan debts. Now the employee would have to sign an agreement willing to stay at the company for a certain period of time but it would help companies with less turnover and keep cost of training new employees down. In addition, I recommend these companies get tax breaks for establishing a program that would allow this.
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Student loans need to be limited to college cost. Students are swimming in more debt than is needed because these loans are approved for housing and food cost, etc. These students could work to pay their room and board. It would help them in the long run since it would be limited to school tuition.
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Reform college degrees and input more placement testing so that students aren’t taking “easy” classes that could add up to a year on their degrees with a college institution. This would bring down the cost.