Do not forgive student loans. Stop federal student loans. Let the colleges loan students the money. Why should the tax payers pay for a debt that someone signed for? Also eliminate the Dept of Education as their main project is loans.
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Iām with you on banning student loan forgiveness. I would prefer to ban student loans altogether. All state colleges get tax dollars to begin with, have large endowments, and have some form of NCAA revenue from sports and merchandise. If you ban loans, you automatically lower the total cost of a year of college, as they have to lower the price to get students to attend. The proliferation of worthless degree programs like LGBTQRXTUV studies and Racism PHDs is a symptom of too much money in the marketplace. As to the existing student loans, just like a bank is to a mortgage, the schools should be on the hook if the students default.