Bullcrap. I worked my way through college (the first time) as a skip tracer for a state student loan agency in the 90s. Yes, there were those looking for a free ride and trying to scam us, but there were many more who were working and still having a hard time of things, with a medium-to-high-five-figures worth of debt, interest and payments hanging over their heads. And we were just starting to see the six-figure debtors becoming a reality.
I’m not for student loan forgiveness (as I reminded my classmates and profs, that simply translates into lump-sum taxable income to the IRS)...I say remove most if not all of the government loan guarantees, and make it dischargeable in bankruptcy with specified and tight conditions. It’ll shrink the pool of available money (due to the elimination of “moral hazard” via loan guarantees) but it will drag tuition costs down as well over time.
Yes. Understood. I worked several jobs to help pay my way thru college but did still need to borrow ( expensive school and well worth it - unlike many of them now). I’ve never regretted the student debt and I was glad they lent me the money and I paid it all back