[dragonwriter]

> Might be an unpopular opinion... but this is exactly why we shouldn't do student loan debt forgiveness.

I mean, it should be an unpopular opinion that a claim that both misrepresents the basic processes and incentives involved and requires effect to precede cause by more than a decade is perceived as “exactly why we should“ do or not do anything, but unfortunately it's actually a very popular opinion in this case.

(To the extent there is a real argument—and this one is not it—for federal student lending being a cost driver for education, that would be a good reason why debt forgiveness, if done, should be accompanied by lending reform to correct the problem going forward; of course, even without it being a cost driver, any argument for debt forgiveness is itself an argument for lending reform preventing the problem addressed by forgiveness from recurring.)