I also pay a great cost when a huge number of other people are stuck paying down debts they probably should never have taken on and/or became bad after the econ

I also pay a great cost when a huge number of other people are stuck paying down debts they probably should never have taken on and/or became bad after the economy shifted and their income potential flattened out. It's not that different from bailing out a bank, except that the banks usually don't deserve the bailout on a moral level, while people with student loans generally do.