"The banking and auto industries received bailout money, so why not bail out students and recent grads who are shouldered with tens of thousands of dollars in student loan debt?" writes Tim Goral, Editor-in-Chief at University Business. "Just wipe it off the books, give everyone a fresh start, and all will be fine. ... Robert Applebaum, a 35-year-old attorney, who is ... struggling under loan debt, formed a Facebook group called 'Cancel Student Loan Debt to Stimulate the Economy' dedicated to the cause. He believes forgiving loan debt for those making under $150,000 annually would help boost the economy from the bottom up. 'Forgiving student loan debt would have an immediate stimulating effect on the economy,' [Applebaum] writes. 'Responsible people who did nothing other than pursue a higher education would have hundreds, if not thousands of extra dollars per month to spend, fueling the economy now.'"

You can read the complete March 2009 University Business article on-line.