But if the mindset isn't changed then this economic fix would last about 6 months at best. Then instead of it being student debt it would be housing/automotive/credit card debt. The society we live in is so enamored with the idea of going to college because it will help us get the "good life", and that would carry on even if existing debt was wiped out, it would just move somewhere else. Without changing the mindset, what happens to the next group of people that decide to take on the debt of going to college?

I'm now anxious to pay off my debts (student, auto and credit card) because my mindset has changed. Instead of wanting to get rid of my debt to have more money to spend, I want to get rid of my debt so I'm not a slave to the system. I don't like having to leave the house in the morning just as my sons are waking up, driving fourty-five minutes, getting home a half hour before my sons go to bed five days a week just so we have enough money to survive and keep collectors at bay.

If we ask the government to pay existing student loan debt, debtors won't be able to just walk away, there will be some kind of chain attached to their ankles whether they see it or not.