Debt relief for students–big give away for wealthy

The student loan bubble will be the next housing bubble, and I haven't heard much about it during this campaign. It's being kicked down the road for the next administration--perhaps Romney will get the blame instead of Bush (if Obama is reelected, we know Bush will be blamed). But according to an article in today’s New York Times it seems the new changes in student debt relief will benefit the wealthy, not the poor.

Surprise! Where would jobs for liberals come from it they didn't create a permanent low-income class?

“. . . the changes introduced by the Obama administration could allow a graduate making $70,000 a year to reduce monthly payments to $448 a month and “have over $100,000 of debt forgiven, . . .  If you are low-income, it doesn’t really give you a big bang,” said Jason Delisle, one of the authors of the study, which estimates that monthly payments for low-income borrowers would drop to $20, from $25, under the changes. “If you are high-income and have a lot of debt, this is a huge giveaway.”