I am in school and have not finished yet. I believe this will be a wonderful benefit to those of us still facing rising college costs and economic challenges, that will face us as we finish our studies and get our degrees.

Now this I can identify with. I am a trained Medical Transcriptionist. I have a diploma, not a degree. The college that I trained at has closed it's doors for good because of the economy. I can now not receive a degree. I am also left with a Sallie Mae totry to pay off while in the mean time having to take a far less paying job in a small town. There simply are no jobs for someone like me especially in a small where competition is fearce. Right now I am a personal Assistant to a service recipient in a business that has filed bankruptcy just this year. Good luck to me, Huh?

Donna Wood Lil' Tennessee

Isn' that just nice?? Are the taxpayers footing the bill for this too?

I hope that this program is applied also, to all Medical Students wanting to become Medical Doctor's (MD's), period! We have to many specialist today,without enough practicing phycisian's to even diagnose ,or recommend a specialist in the first place,...? The GSE's should/could have dealt with this problem years ago,but I'm sick of pointing fingers. At least President Obama is doing something he made a campaign promise on. Go President Obama

"Then, if she completes 10 years of public service, her loans would be dropped completely."

What jobs are considered "public service" under these new laws?

We students need all the help we can get. When we enter into college, we know we have to make a choice: either go to college and start life off in debt, or don't go and probably end up that way eventually anyway. But it is still scary, especially when you have to search for a job for 6 months or more these days. And we are talking about tens of thousands of dollars– a car, a down payment on a home, etc. Before we have even really started.

As a student of the late 80's and getting student loans thinking going to college was the right thing to do, was a huge mistake. I've been in the low income bracket my entire adult life even after going to college, and live paycheck to paycheck with zero savings of anykind. Yet my student loans have ruined my life, I can never get a loan, car loan, home loan or anything due to the high, income to debt ratio. Nothing can be in my name at all.
Now with kids, I am telling them college is not worth it, unless you can pay upfront for it. If you get into the loans you can never qualify to get a home loan. College costs more than a home. It's a no win situation.

And with jobs that are no longer the 30 year career, our generation will be poor forever. I'm in my low 40's, and have no job security, nobody does anymore, no health insurance or care, no pension nothing. So I had no future, and my children have no future. We have zero security, and NOTHING to look forward to.

I worked my way through undergrad and grad school so that I would not be in debt. If I could do it then why don't others? There are always jobs available during the school year as well as summer. People need to plan ahead on how they are going to afford to go to undergrad/grad school; get financial advice on scholarships, work for a couple of years before going to college, etc. Doesn't the military pay for education?

While part of me feels for the pinch graduating students find themselves in, another part is a bit angry. I was one of those graduates 26 years ago who planned a career in public service. I graduated to a workforce of high unemployment with hiring freezes in almost all entry level jobs. I did not have 80,000 in loan sbut the amount was enough to be considered significant at the time. While I waited on hiring lists to get a foot in the door at almost any level of public service I worked 4 part-time jobs to support myself and pay off my student loan. I worked several days a week as a substitute teacher, worked evenings cleaning houses, and graveyard shift in a truckstop. On weekends I babysat. All in all, the taxpayers got their money back and I learned that no matter what my circumstances, as long I was healthy, I could find a way to meet my responsiblities. Wonder if we might be letting some folks in this generation of graduates off a little too easy?

I started college 20 yrs ago. Borrowed $4,000.00. Never got to finish. I could never pay enough monthly to touch the priciple. The interest is now over $16,000.00. I just recently paid in close to $5,000.00. Because it is a federal loan, they took my whole income tax check. By the time I'm due my next income tax check, the amount(because of interest) will be back up or even over the $16,000.00. I live pay check to pay check as it is now. There is nothing left to send them anything. I even wrote to the president asking for some of that bail out money that everyone else is getting. No such luck. I think they are still laughing at me. I'm a no body, single(widowed) mom with 4 kids. The social security (while it lasted) was a joke too.

God willing this passes. I am working on my Bachelor's while working fulltime and raising my daughter as a single mom...and trying to start a charity.

Once again CNN you post this post, but nothing opposing this.

College Students definitely need some kind of Government assistance paying back these student loans. I believe there should be a new system connecting students loans borrowers with Government Assistance. A Government Work "Pay Back" program in the community or anywhere around the World that needs assistance in the field of study would be adventure and a financial relief. Working should be a fun learning experience within or abroad with the ability to logically Pay Back!

Why do we need a law to help in paying back an obligation one undertakes voluntarily?!

A higher education is not a right nor is owed anyone. It's an investment in one's future. Invest poorly and ya get burned.

Stupid Jana got an advanced but unmarketable degree at an expensive school. Better choices make life bearable. Get this- if she works for the government (paid by my taxes and yours), her loan is paid for (by your taxes and mine).

What a scam- grow big government anyone?

Honk, if I'm paying your mortage... or worthless Masters degree.

Read all that selfishness and whining above. Me, me, gimme, gimme. Use the government to take from the sucessful, productive and enterprising to give to the sycophants. Pathetic, disgusting.

I learned in the 80's that education turned into a commodity,for big money to be made,at the expense of the students. the books alone were useless,and brought in great revenue for the Colleges,and Universities. Heck, I remember paying $60 for a book copyright 1970 and opened it once ,just to sell it back for $5! Remember this, higher-education was never meant to be,"For Profit Only",notiably as an exchange on, "wall Street's Commodities Market"s"!

I know a lot of people this would help – 80K is about average for someone out of college these days regardless of the major. And hopefully there will be no time test – some of the people I know have been faithfully paying on their loans for a decade and still don't see much of a dent. They would love to do some public service in exchange for some debt reduction or forgiveness. Right now it's discouraging to the former person on repaying loans the way it is now and to the future college student. Some are not going to college because of this and that is a long term loss our country does not need to stay competitive in the global economy.

"Once again CNN you post this post, but nothing opposing this."

1. THis is a blog on CNN. Just because Fox News thinks that opinions should be given on every subject does not make it right, nor news.

2. Most governments around the world subsidize college education for most students, those who are smart enough to be accepted into a regular university. We Americans must pay thousands of dollars out of our own pockets to pay for college, and then spend the rest of our lives paying back the loans. Universities are based on greed, mostly, not educating the next generation of citizens. Why are there so many complaints about lowering the loan rates for students when the rest of the planet doesn't pay anything for it's education. Why are Americans so greedy? Why?