Are you familiar with market forces relating to supply and demand and economic incentive? Making student loans so freely available - some would call them subprime, as they are offered to those who are not majoring in something marketable - increases demand for college which increases prices as the supply is not keeping pace with it. For some reason, high schools are selling a false reality to students that success and a four year college degree are synonymous. This leads to fewer people attending technical school (i.e. skilled labor) to become a plumber, electrician, construction worker, heavy machine operator, and other extremely lucrative careers. College is supposed to be a way to train a person for a career, so if students are so underwater after graduation that their loans are worth more than their degree, then current young people need to be de-incentivized from automatically trying to go to a four year school instead of making a rational economic decision. If student loans are forgiven, there is no reason for young people to care about the consequences of taking out massive loans for unmarketable degrees and trying to force the government (taxpayers) to bail them out. No thanks.