First and foremost, basic consumer protections, such as bankruptcy rights and statutes of limitations on the collections of student debt must be restored. There is no justifiable reason why student loans should be treated unlike any other type of debt in America. Next, we must provide a right to borrowers to refinance their loans to take advantage of historically low interest rates—a move that would undoubtedly spur economic growth by putting more money into the hands of people who will spend it on ailing sectors of the economy.
Finally, we must invest in our own people by implementing a fair and equitable loan forgiveness program . . . .