> we decided the working class should take out crippling loans to pay for this degree
Historical point you've completely missed. You used to be able to declare bankruptcy and discharge this debt until very recently. This was not "decided" this was a trap sprung on the working class at a time when blue collar labor was almost entirely off shored.
> and just forgiving the debt only will make it all more expensive
That's why you discharge the debt instead. This is an institutional failure. They knowingly pumped a market at tax payer expense. The hair cut is theirs to take.
Historical point you've completely missed. You used to be able to declare bankruptcy and discharge this debt until very recently. This was not "decided" this was a trap sprung on the working class at a time when blue collar labor was almost entirely off shored.
> and just forgiving the debt only will make it all more expensive
That's why you discharge the debt instead. This is an institutional failure. They knowingly pumped a market at tax payer expense. The hair cut is theirs to take.