First of all for those who say don't go to college and get a job out of high school ? With the economy the way it has been for the last several years, where are these jobs and especially the ones that pay a living wage ? It's difficult to work at Target and be financially independent. This is why many go to college. Secondly, do more research on the law. It is only for Federal loans and only for those since '08 ( I think). Loan forgiveness after 20 years is only for those in certain public jobs. Loan consolidation will help by lowering interest rate and total payments. I don't think this is that big a deal but the President can only do so much by executive order.