President Obama, please issue an Executive Order forgiving all outstanding Student Loan Debt for all Americans earning 250K or less annually commencing January 1, 2013. However, all loans taken after January 1, 2013 will be repaid at levels based on ones income.
Why is this important?
Yes: I'm faced with 25K to 30K in student loans which is like this huge avalanche waiting to come tumbling down upon me soon. The President can sign an Executive Order forgiving all outstanding student loan debt for all Americans earning 250K or less annually as an excellent stimulus for Poor and Middle-Class Americans.
