Consumers would have more money to spend and jobs would be created, increasing opportunities for countless Americans. The Student Loan Forgiveness Act of 2012 is the best strategy for forgiving student loans. Educated Americans would be given relief after a reasonable repayment period. Student debt has placed too many graduates and their families in dire straits. It would be morally correct to discharge their debts after a period of ten years and at the same time help the economy. Works CitedApplebaum, Robert. “Student loan debt should be forgiven to stimulate the economy.” Student loans. Ed. Dedria Bryfonski. Detroit: Greenhaven Press, 2012. In question. Rpt. from “Forgive Student Loan Debt to Stimulate the Economy.”ForgiveStudentLoanDebt.com. 2009. Opposing Viewpoints in Context. Network. Oct. 15, 2014. “Student Loan Debt Debate Doesn't Go Far Enough.” Applebaum, Robert. Hill (2012). Press. October 15, 2014.Robinson, Sarah. “Recent graduates struggle to find work.” McClatchy - Tribune Business News, May 19, 2013. ProQuest.Web. October 15, 2014. Thomson, Susan C. "Rising college tuition costs; only the richest keep pace, report finds; the poorest fall furthest behind." St. Louis Post - Posted: May 02, 2002. ProQuest Web. October 15, 2014. Varney, Stuart "Your World with Neil Cavuto (FOX News)." Interview with Michigan Congressman Hansen Clarke October 15.