All I can think of is that it's because the government makes a shitload of money off student loans, and they'd have to raise taxes to replace that?
The government breaks even on undergrad loans. They make money off of grad loans. Forgiving loans would mean a deeper deficit for a population that is not bringing any additional added value compared to programs that help students demonstrating financial need or rewarding workers from needed sectors.
And I guess my thing is maybe the gov SHOULD break even on SLs, or make just a bit of extra revenue. The reason the gov backs SLs isn't for money (well shouldn't be). It's because a well educated populace is important. It's bc we want to help people who can't afford higher education, because this is "the land of opportunity."
And I guess my thing is maybe the gov SHOULD break even on SLs, or make just a bit of extra revenue. The reason the gov backs SLs isn't for money (well shouldn't be). It's because a well educated populace is important. It's bc we want to help people who can't afford higher education, because this is "the land of opportunity."