So far none of the Democratic or Republican plans have garnered enough support to reach the 60 vote threshold for passage in the Senate.
Even if rates are kept low for student loans, the sheer amount of debt, experts agree, hold young college graduates back from other activities like buying cars, houses, or pursuing graduate degrees.
In the Joint Economic Committee report out today, Democrats offer several proposals, including loan forgiveness for students who pursue public service jobs, restructuring loans based on financial hardship, and converting private loans to federal loans so that students can take advantage of income-based repayment programs.
Nathaniel Tisa, Georgetown's current student body president, will have accumulated around $40,000 in student loans when he graduates next year. He wants to attend law school directly after graduation—but realistically, his debt will hold off his attendance for another three years.
"This does touch on that American Dream," says Tisa. "I'm not going to buy a house for as long as I can. That affects the economy…You can't have $1.1 trillion inhibiting the next generation of workers."
Indeed, two million more adults now live with their parents than before the recession. Yet with Congress gridlocked over simple interest rates, the situation seems unlikely to improve.
"I'm always worried," says Anderson. "And yet, I will certainly move forward with my education. I won't stop. I'll get it."
ABC News' Abby D. Phillip contributed to this report.