the problem with our government ‘forgiving’ student loans is not only that many struggled for years to pay their debt off, and expecting them to now pay off someone else’s debt is unfair. it’s that colleges should be held accountable for this.
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Loan officer: Your account is 7 years past due, you have to be responsible and pay this. Student: You gave thousands of dollars to an unemployed 17-year-old and want to talk about responsible decisions?
agree loan officers should be held accountable as well. the problem is our largest loan officer is the government, and the state never takes accountability for itself.
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The irony is this problem was 100% caused by subsidization, and how are they proposing to fix it? More subsidization. Meanwhile, how do schools somehow manage a guarantee on their product? At least when this happened to the housing market, banks were under pressure.
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