Lower interest rates on student loans

The interest rates on student loans are very high which makes it hard for students who would like to pay them back after graduation. Instead of making it possible for students to repay the loans by making the payments affordable, companies such as Sallie Mae will give a forbearance during which interest continues to accumulate and is added to your principle which is again charged interest. My loan for $47,000 has an interest of $57,000! The total reaching to over $100,000. Loaning banks should work with us on making payments affordable and have a low interest rate so that most of the payment goes to paying the principle. I don't believe that we can ever pay all out student loans under the current system.