Don't you think this is a fair suggestion?

Your quote "America's now nationalized student loan industry..." was written by activists from the conservative group American Majority Action. That opinion piece is NOT in the huffingtonpost.com article.

That is the problem with your question. Its premise is not factual. Pres. Obama did not "nationalize" the student loan industry. If he did, the government would have taken over ownership of all the financial institutions that provide student loans. Also, no one is telling colleges how much they will be paid for teaching taxpayer-funded students. Where's your link for that statement?

As for your question about forgiving student loans, I don't see a fair way to do this. We need to start early, and discourage students from taking out these loans in the first place. The government should fund its public universities generously, as an investment in the country's future. Part of America's success comes from having an educated workforce. The student loan programs are not helpful, if the government has to step in after the fact, and fix the student debt problem that should never have occurred in the first place.

Rather than forgiving student loan debts and using taxpayer money to repay the banks, the government (both state and federal) should increase funding to state colleges, so that students who can't afford the private colleges will have a affordable option. Unfortunately, some states have greatly cut back on funding their colleges: http://bridgemi.com/2012/01/college-tax-burdens-st... No wonder students have to take out increasingly larger loans.

Students loans should play a small part in financing one's education. My blue-collar working class parents could not afford college tuition for their children. So I worked part-time through college, and attended an excellent state college where the tuition was much less than at private colleges. Another of my relatives put off college for two years, and worked hard as an auto mechanic to save up his tuition money in advance. By working part time while taking classes, he will graduate with very little debt. Loans are great in a pinch, but should not be the primary source for funding the cost of one's education.

Forgiving student debt for some students is unfair to the other students who deferred college and worked hard to pay the bills up front. I agree with keeping the interest rates low for those with student loan debt, since the banks are still making a profit even when the rates are kept low (within reason.)

I just hope that the student loan horror stories of today will be a warning to future college students. There should be a required class in personal finances taught in high school, and financing one's education should be a part of it, so students don't make this mistake in the future. The loans are never forgiven, even if one declares bankruptcy. The bank has you by the cohones if you sign up for these loans. Why give them this power over your life for the next two or three decades?

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Doctors are also turning away Medicare and Medicaid patients. Your proposal would only lead to potential students being denied a college education.