Vacating existing debt it wrong headed and relies on ignorance to even be considered. Politicians know the idea of paying off college debt sounds good and that

Vacating existing debt it wrong headed and relies on ignorance to even be considered. Politicians know the idea of paying off college debt sounds good and that is all they want you to do, think it sounds good instead of thinking about what it really means. Not only is this welfare to the upper middle and upper classes it is the big wealth transfer to colleges. Colleges who have no reason to keep costs down. Plus they also have the benefit not having to steer people to viable careers and can instead sell them on many cost increasing courses which are more padding for the college bottom line. If the politicians were serious about education they would lock colleges into rates set by government for any education guaranteed part or in full by government. People fall all over themselves demanding that the medical costs be regulated, where are the screams for colleges to do the same when it comes to costs. Simply put. A degree cost X dollars. Each course credit is Y. The college that wants their students to receive loans or partial to full payment must offer degrees and courses conforming to the cost the government assigns to that degree. The college must make a good faith effort to see the student graduates with the degree or pay a penalty. They would fall over themselves to comply