Nobody forces anyone to go into debt, especially a student going to college with no idea of how to repay a loan.
Depends what you consider "forced". Many face the "choice" of taking the loan and investing in their own earning potential, or foregoing the loan and resigning themselves to the bottom of the economic totem pole for life.
Before you call me a hypocrite for enjoying a comfortable lifestyle after dropping out of highschool, let me offer that I had a metric shit-ton of advantages and privilege from day one.
Anybody who rns up a lage debt for a degree in something that is ot liley to pay a living wage is what?
How is a person to know what skills and knowledge will be marketable down the road?
Loans should be limited to areas which will provide a means to repay loans.
Such as? Under the
current now previous structure of student loan, the compounding interest put repayment out of reach unless you studied to be a doctor, lawyer or hedge fund manager.
Now the 'foregiven' loans are transferred to taxpayers.
... whose load has been incrementally lightened for decades, by the burden of paying back multiples of what was borrowed.
The people being "wronged" here, if anyone, is not Joe Taxpayer, it's the people who paid back multiples of the amount they borrowed. The entire loan structure was based on flawed assumptions from the start.