As the generation begins to grow and become more experienced with the economy in America, many begin to understand the issues the countless students have when trying to apply for schooling, especially colleges. A great number of people struggle to pay off their student loans even after they finish schooling. Many student loan borrowers are defaulting. If nothing is done, this could be the next bubble to burst, propelling the economy into another recession. It doesn’t help that overall earnings for young people are substantially lower than past generations.

With the rising cost of living, the burden of student loans, and the reality of lower wages - recent graduates are struggling for the basics. It’s only a matter of time before more student loan borrowers default on their loans. By implementing the Student loan Fairness Act in every college and state helps to tie interest rates to the federal reserve discount window rate, allowing college students an easier way to be able to pay off the student debt they might have without having to worry about interest rates.