But who pays? The fools who bought the loans, or the public who mostly paid theirs (if they ever took any to begin with)? I suspect that everyone will pay, despite a minority of people benefiting, that hardly seems just.
I don't think it's predatory, I think the lendee is a fool being led by the blind; but does that make it right for it to suddenly be everyone else's burden?
People make dumb decisions that affect only them all the time; when is it suddenly my business to subsidize people's personal mistakes? Are they even mistakes at all, if the debt is forgiven without prejudice? I don't want to live in a world where taking a loan you have no intention of paying is not a mistake.
Also, AFAIK a huge majority of student loans are held directly by the Federal government (which is the other reason I fear "forgiveness" is on the horizon); assuming you don't mean to call the Federal government a "predatory bank".
I don't think it's predatory, I think the lendee is a fool being led by the blind; but does that make it right for it to suddenly be everyone else's burden?
People make dumb decisions that affect only them all the time; when is it suddenly my business to subsidize people's personal mistakes? Are they even mistakes at all, if the debt is forgiven without prejudice? I don't want to live in a world where taking a loan you have no intention of paying is not a mistake.
Also, AFAIK a huge majority of student loans are held directly by the Federal government (which is the other reason I fear "forgiveness" is on the horizon); assuming you don't mean to call the Federal government a "predatory bank".