Biden Admin just cancelled $3.9b debt of students attending ITT Tech school. What I gleaned from the news is ITT did a bunch shady stuff. Like steering students

Biden Admin just cancelled $3.9b debt of students attending ITT Tech school. What I gleaned from the news is ITT did a bunch shady stuff. Like steering students towards high interest rate loans and jacking up tuition prices. Reminds me of the subprime loan crisis. Insult to injury, ITT didn't actually teach students much. At least with the scammy mortgages, you sort of got a house. -- It seems to me the Biden Admin is doing triage, reviewing the student loans very deliberately, cancelling categories on a case-by-case basis. I have no dog in this fight and only a shallow understanding of the issue. I expect that Biden Admin continue to cancel and reduce the most egregious loans. And then provide some kind of relief to the remaining borrowers who are most pear shaped. -- Our society and government forgives debts all the time. Bankruptcy and bailouts. Crucial to keeping our economy healthy. I don't see why individual's debts, like student loans, should be treated any differently.