They’re no fools. They can see that government mandated loan forgiveness is coming. It will be a major plank in the 2016 Democrat Platform.
Nobody will or can forgive a trillion dollars, and not every 20 something went to college.
No question about that. The only unresolved issue is how much, as a taxpayer, I am going to be forced to pay for.
Right now the banks see a tenuous financial position. Financial institutions hate this type of vacuum. Therefore, they are going to cover their heavily bets until there is clarity and they get a seat at the table designed to carve up the taxpayer, ala Freddie and Fannie, again.