The Federal student loan system has been a disaster for many years.
This is another excuse for deadbeats to scam the system. The way the system works is that a student's payments are directly tied to their income. If they are not making much money, their loan payments are very low. If they make good money, the payments are raised and payback is accelerated.
Some who have have seriously tried to find jobs and could not probably have a reason to delay payments. Others, like the typical Occupy Wall Street crowd are clearly deadbeats. I saw numerous interviews with those morons who claimed they could not find a job, but also claimed to have turned down several job offers of less than $100,000 because they felt they were worth more.
I also know of people who claimed they never paid back their student loans and felt that the government money was an investment in them as a taxpayer.
Every penny that's forgiven is an added expense to taxpayers. Honest students who work hard and find good jobs pay the penalty, while the bums want a free ride at taxpayer's expense. It's the same story with too many government programs.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin