It is interesting to note how in the real world loans work. According to the Fed, non-performing loans in the real world rest at about 1%! Yet student loans are at 23%! It is clear that the student loan market is highly distorted. The objective is to re-introduce reality into the student loan marketplace.
A blanket forgiveness is simply throwing money away and undercutting the millions who attend college for the right reasons, who pursue higher education intentionally, without the help of handouts. It undercuts one of the critical principles of a free economy – accounta