“... nobody is asking you to bail them out...”
They’re IN schools because their tuition is funded by US tax revenue
WE already paid ONCE, and we’ll pay again when our OWN kids need tuition and it’s covered by us. WE work so our kids aren’t eligible for special consideration....or special tuition arrangements.
Anyone is eligible for federal loans. There are a few need based loans but the majority are available to all.
The real issue isn’t defaults per se - federal loans generate revenue for the federal government so taxpayer isn’t plaything anything - it’s that the loans haven’t made college more affordable, it just results in universities upping tuition and using the loan revenue to make large capital expenditures. That’s why college has got pricier than price of inflation for so long. Best thing to do is to impose cost controls on schools who want to receive federal aid funds.