If student loan debt is written off, how do you fund new student loans? Nobody in their right mind would fund it. How come this question is never asked?
The government (Federal) backs (funds) these loans right?
You don't.
And at least 50% of our "Institutions of Higher Education" will close within 18 months. That is exactly what needs to happen.
Existing portfolios of student loans should be written off using ordinary bankruptcy laws.
New student loans should only be available for high-return investments such as Medicine, Engineering, or Science.