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 canceling student loans. Educated Americans would receive relief after a reasonable repayment period. Student debt has troubled far too many graduates and their families. It would only be morally correct to discharge their debts after a period of ten years while simultaneously helping the economy. Works Cited Applebaum, Robert. “Student debt should be canceled to stimulate the economy.” Student loans. Ed. Dedria Bryfonski. Detroit: Greenhaven Press, 2012. At issue. Rep. from “Forgiving Student Loan Debt to Stimulate the Economy.” ForgiveStudentLoanDebt.com. 2009. Opposing Viewpoints in Context. Internet. October 15, 2014. “The debate on student debt does not go far enough. » Applebaum, Robert. Hill (2012). Print. October 15, 2014. Robinson, Sarah. “New college grads struggle to find work.” McClatchy - Tribune Business News May 19, 2013. ProQuest.Web. October 15, 2014. Thomson, Susan C. “Rising Cost of Tuition; only the richest are keeping pace, report says; the poorest are the furthest behind. » St.Louis Post - Sent: May 2, 2002. ProQuest Web, October 15, 2014. Varney, Stuart. “Your World with Neil Cavuto (FOX News). » Interview with Michigan Congressman Hansen Clarke, April 19, 2012. October 15.