>If we discharge a loan on a house or car your possession is confiscated no matter how much you had paid off The reason government support for tuition exists i

>If we discharge a loan on a house or car your possession is confiscated no matter how much you had paid off The reason government support for tuition exists is because as a matter of policy society benefits from: 1) a more educated public; and 2) taxes from the higher wages educations historically commanded. The problem is guaranteed government loans allowed schools to begin charging students tuitions that resulted in an inability to payback loans on average market wages over lifetimes. Now imagine if the government guaranteed car & homeloans for all borrowers starting at 17 years old. That bad policy would result in Homeowners/car dealers charging more than a kid could ever expect to pay off in a lifetime, historic defaults due to inability to service loans and no net benefit to one’s income tax bracket for federal taxes. Is such a system existed I hope everyone would demand reformation, not demand some other unrelated debt be forgiven. Existing federal student loans should be forgiven & the current guaranteed federal student loan/university system reformed…mortgages and car loans really have no relationship with federal student loans.