The problem is that the loan industry didn't make the rules. That was idiots in government. And they didn't borrow the money. That was the students and their enabling parents. I do believe student loans should be bankruptible - of course that will make them much harder for most folks to obtain, but c'est la vie.
An intact family can see that their child gets a degree cheaply. Maybe not in four years, and some may not be able to avoid debt entirely. But degrees are available cheaply to people willing to put in the work for them.
I live in Pennsylvania which has one of the highest state subsidized school tuitions (Penn State) in the country. If kids here can obtain cheap degrees, it can be done anywhere.
I'm also sympathetic to the fact that the loan industry doesn't make the rules. Still, they are more than happy to exploit the rules due to the taxpayer guarantee.
Granted, Lisa was an idiot to accumulate $300,000 in debt for educational loans, though it isn't clear how much of that amount was original principal and what was added on as fees, late charges, extra interest and the like.
But the point is that a real lender who didn't have the taxpayer guarantee would've cut her off at some point long before she got that deep into debt.
Let the other posters enjoy their sanctimonious smugness about why she should be saddled with that debt forever . . . but the point is that she will not likely ever to be able to pay it back.
While I made a proposal on my original post on how to distribute the pain around a little and so did you, the sanctimonious group has done little more than to endorse ensuring that the taxpayer will eat just about all of Lisa's bad decisions both by making the loan impossible to pay back and ensuring she will spend most of her life on public assistance.
The same attitude will also ensure that conservatives win fewer elections. But, I suppose, all of that is a small price to pay for the right to be sanctimonious.