On July 1, 2013, Congress having failed to pass any legislation about student loans, the interest rate on them doubled.
As Senator Elizabeth Warren pointed out:
“Right now, the government lends money every day to big banks at less than 1% interest. [The interest rate it demands from students was 3.4% till June 30, and is now 6.8%.] Right now the federal government is making a profit from our students. Just last month, the Congressional Budget Office calculated that the government will make $51 billion this year off student loans.”
This in a society that has disemployed 14 million people who want and need to work full time. Many of these millions are college graduates who can no longer pay off these loans.
What is the solution? Try an ancient sacred teaching in the Bible:
At the end of every seventh year, you shall cancel/ release/ forgive/ annul/ all debts. This is the procedure: Everyone who has lent money to a neighbor writes it off. You must not press your neighbor or your kinfolk for payment: This release comes from YyyyHhhhWwwwHhhh , the Interbreath of Life. (Deuteronomy 15 : 1-2)
This is the same Seventh Year that Leviticus 25 proclaims should be Shabbat Shabbaton, Restfulness to the exponential power of Restfulness,