Free College?

Katrina vanden Heuvel suggests that we simply forgive the college loan debt, after a certain period of time. 

Rep. Hansen Clarke, a Michigan Democrat, introduced a bill that would forgive up to $45,000 in student debt after a borrower makes 10 years of income-based payments (no more than 10 percent of income). A petition in support of Clarke’s bill has more than 900,000 signatures.

What do you think of this idea?