I consider college debt problem to be two tiered.
The first problem tier is where students borrowed money to get educated by a for profit outfit that offers, not doesn't actually educate.
The second, is the borrowing itself. We are talking about kids who, obviously, are a clue and don't understand debt or responsibility.
The first is currently supported by the Trump administration. There used to be congressional report listing the bad actors but that has gone up in smoke. These people are well and truly screwed as they signed the contract. The second has to do with borrowing the money. My kids are growed up I don't have to deal with this one but I have grandkids who have borrowed but not much and its was easily dealt with. When they graduated from college they had already completed their first 2 years at the local college (free, whilst attending high school. This is offered in our schools). However, there are also kids that goto college, are not rich, and major in English or History, borrow 100,000.00 to get through and are saddled with a debt they will have to live with for the rest of their lives due, basically, to our current laws dealing with this stuff.
I had a heart specialist who was married to another heart specialist from Canada. She had debt, he didn't because he did public service, in Canada, to take care of the cost. Anyway, this couple decided to go after her debt and saved 100,000.00 as the first payment. She had been in practice for a couple of years. That 100,000.00 didn't even deal with the interest! A couple of years afterwards they both moved to Canada, are both practicing, and she now ignores the debt.
College debt, overall, is a scourge on an entire generation. I have mixed feelings about the second group but not the first who should be able to get their money back. Obama thought so as well but not the Trump administration. The second is a bit different. I wonder, for instance, just how much these kids were schooled about the debt, etc. before they signed or they just figured it was free money and they were going to get rich quick and pay it all back. I think this boils down to a genuine lack of oversight by anybody either lender or parents. I wonder, when these kids left high school did anybody talk to them and explain it to them? Up here the high school no longer bothers with home ec (how to boil and egg), civics, etc. I suspect the subject of borrowing money never even came up.
I incidentally, would support a system that supported higher education in subjects deemed important for society. Grades must be maintained and payback would be by some kind of government service (to be decided) after graduation. I am told that this actually exists for some stuff but I have been told its a kindofa mystery.
Anyway...............
