[Kevin]

Obama's reforms were nice. Too late for me.

I'd have taken it up a notch and lowered the amounts available for loans, forcing schools to either only accept people who can afford to go (not likely to happen on a large scale) or lower their costs.

It is now within the government's power to impact the cost of education in a positive way--even (and especially) at private schools.

Folks who take ANY student loan money in undergrad are really shooting themselves in the foot if they plan to go to grad school. I'm busting my hump to get 'em all paid in 10 years, but my loan payments are more than my mortgage (and I live in a pretty nice house).

I know too many folks who are simply deferring to eternity and really have no hope of ever not having a student loan payment. Something's gotta give.

As far as the 10% rule, that's good and bad. Consider the fact that rule could easily result in a situation where loans never get repaid and I think that's a pretty bad deal.