Instead of simply cancelling student debt, maybe it would be a good idea to loosen the rules about discharging it via bankruptcy. Then you'd both help the people in the greatest need, and start to fix the system (because lenders would have to become less indiscriminate).
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Genuinely asking, is a society of post grads considering bankruptcy a better solution?
Many would consider it an improvement on their current situation. They wouldn't do it otherwise.
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What about those who can pay it but are A)forced to live with parents, B) defer starting a family because of it. C) Defer starting a business because of it. How would bankruptcy help them?
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these are situations faced by people all over the world even without student loans so there's not much of a point to this question
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