Etaryan 1 Gregor Etaryan John Kubler English 114A 12 November 2013 Possible Solutions to Student Debt and Annotated

Bibliography The Student loan crisis has been around for many years and every year it increases more and more. College tuition keeps on rising and that leads to higher loans taken out by students. The big question that the government has been asking themselves is whether or not if they should forgive all student loans or not. There is much controversy over this topic, because there are pros and cons about how to handle the situation and there cant be a win win situation. The government already dealing with so many national debt issues that student loan debt adding on to the list is a major crisis, but they need to look at the good and the bad to better handle the situation in order to try to improve our economy as best as they can so everyone can live in a better society. Loans are rising and will keep on rising until the government decides to figure out how to handle the situation as best as possible. The possible solutions that I am proposing are allowing students in debt to file for bankruptcy or for the government to reduce student loan rates. This is all in order to making a better and stronger economy for the society to live in and the government must try to figure out how to deal with the situations surrounding it in order to help put the economy back up to stability. After people hearing about all the loans and stories of others and their struggles it really makes a person think as to whether or not they should even go to college in the first place. Student loans will keep on rising and the government must look at their options such as bankruptcy or reducing the rates of loans in order to help solve the problem little by little.

Etaryan 2 Sources Clarke, Rep. Hansen. "Trillion Dollar Crisis: The Case for Student Loan Forgiveness." The Huffington Post. TheHuffingtonPost.com, 25 Apr. 2012. Web. 9 Nov. 2013. In this article it discusses the Student Loan Forgiveness Act of 2012 and how it was denied. The author claims that if these people were forgiven for their loans then with all the extra money they had they could have more to spend which could then help create a better economy, because people are spending more. Johnson, Jaime. "The One Percent." YouTube. YouTube, 01 Nov. 2011. Web. 9 Nov. 2013. This Documentary is directed by Jamie Johnson who is part of the company Johnson and Johnson. This film depicts the involvement of the rich or One Percent in the society and Jaime trys to expose the rich of their true selves. He exposes the growing wealth gap between the rich and the poor and what can be done to try better stable our economy. Merling, Davon. "How Bankruptcy Could Help Solve the Student Loan Crisis." DeseretNews.com. Desert News, 23 Aug. 2013. Web. 9 Nov. 2013. This article proposes the idea of allowing students under debt to file for bankruptcy. Davon Merling overviews the whole concept of debt and how involved the government is. He proposes even though the government might be considering this idea it is going to take a lot more to fix the overall problem its self of debt.

Etaryan 3 Sherter, Alain. "Why Raising Taxes on the Rich Is Good Economics." CBSNews. CBS Interactive, 9 Aug. 2011. Web. 9 Nov. 2013. In this article Alain Sherter discusses the idea on why the economy would benefit from the rich get taxed more. Taxing the rich can increase better revenue for many and it is a start to raising the economy back to stability. Vedder, Richard. "Forgive Student Loans? | National Review Online." National Review Online. National Review, 11 Oct. 2011. Web. 9 Nov. 2013. In this article Vedder discusses the idea of the government forgiving all student loans and for them to be free of debt. He describes that if all student loan debt is paid off then the students could have more money to spend which will then create a better economy, because they are buying more things.