Agreed.
There are people in their 70s & 80s still paying, having their SS checks garnished.
Get all the money from the endowments of all these worthless colleges with their worthless degrees
There are second and third order effects as well, such as delaying or denying these folks the chance to buy a home, start a family, purchase automobiles etc. Their consumer spending is going to be impacted for years, maybe a lifetime.