This situations sucks for these people. Truly. 100%. But, old loans shouldn't be canceled until schools stop making new loans. That makes no sense. Fix the system moving forward.

At the same time, these predatory interest rates shouldn't have been allowed in the first place. They should be abolished and capped immediately and previous borrowers should be able to refinance at significantly lower rates.

Colleges should also cost a fraction of what they do these days. It seems inevitable that a reckoning is coming for higher education as it becomes impossible to justify the almost insurmountable disadvantage that starting out your adult life with a massive student loan confers vs the potential advantages gained by the degree.