The Project on Student Debt has a new video out to help student loan borrowers ditch their "debt gremlin" with the new income-based repayment plan option available for federal loans. It doesn't take much to go from manageable debt to a debt gremlin (losing a job, feeding it after midnight...), but this new federal repayment option promises to provide some relief--and, given the current economic situation, the timing couldn't be better.
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On the other hand, why should taxpayers be responsible for poor choices on the part of the individual? If someone decides to attend an expensive school and major in something that is not marketable, why exactly is it my problem when the person can't afford to pay back the loans?
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