I am reminded by this thread of something my late mother would say to people on a regular basis.
Is this REALLY the hill you want to die on?
Yes, morally, ethically, economically, forgiving this debt is bad policy. It rewards people for making the wrong choices and is unfair to both taxpayers and those who paid off their student loans (myself included).
If you can tell me with a straight face that you’ll be proud you stuck to that position the morning after Election Day when we get plowed under by millions of degreed Millenials stampeding to the polls to vote for their bailout, then you go right ahead and be principled.
Me, I think Trump should actually be working on some solution to diffuse the ticking bomb. That would be smart politically anyhow.
the obvious solution is to take the monies needed from all the wealthy endowments and have colleges liquidate the hard assets like buildings to pay for it all.
It was their boondoggle.
I see your point.
On small step in the right direction: The Federal Government should no longer be involved in financing education. No guarantees, no loans. Student loans should be 100% privatized, and as is current law, not dischargeable by bankruptcy.
At some point, we run out of hills to defend. What then?