I paid my student loans off recently, as I didn't expect the pause to get pushed back again, so I acknowledge I am biased here.
What other loans should the government be forgiving for people's poor decisions? Should the government have paid off all mortgages in 2008? I'd say people that bought in the years or months leading up to the housing crash didn't make particularly bad decisions either, yet I personally know a few different families that never recovered.
Some people drop out, and I agree that those people should have a way to lessen the burden of student debt, but I don't know that people who choose degrees with low financial value should get a free pass more so than people that take on any other particular debt.
What other loans should the government be forgiving for people's poor decisions? Should the government have paid off all mortgages in 2008? I'd say people that bought in the years or months leading up to the housing crash didn't make particularly bad decisions either, yet I personally know a few different families that never recovered.
Some people drop out, and I agree that those people should have a way to lessen the burden of student debt, but I don't know that people who choose degrees with low financial value should get a free pass more so than people that take on any other particular debt.