@Creekland Your argument might possibly be believable if the loan forgiveness amt being put forth equated to the federal loan limit. Right now the loudest one is $50,000, almost 2x the federal amt. (can it be that high if independent or parents don’t qualify for PLUS? Yes. But zero qualifiers are being stated and those students can have up to $57,500 in loans…they are most likely the poorest of the poor and the ones in the deepest trouble. So, the $99,999 income family that borrowed more than the federal limit gets more grace than the poor kid who borrowed more bc they had zero family support.)
Loan forgiveness is a bad idea. Talking about it sends the wrong message. I have an extended family member who took out way more inloans than she needed convinced it would be forgiven. We told her she was nuts. She went abroad, bought a car, etc. Her attitude was similar to the person in the article until she fell in love and the young man says he won’t get married until she pays off her loan. So now she is. But, before that? I’ll bite my tongue.
Actual hardship investigation taken to a court (like bankruptcy court) vs. blanket free-for-all makes far more sense.