[ProblemExplorer]

> My biggest issue with these cancellations is that they don't seem to be fixing the underlying issue at all — that you can't default on your student loans

Lenders being selective about student loans is part of a larger feedback loop. That you can't default on your student loans removes a strong signal for a student to realize what they are planning to do isn't deemed productive by society, but that doesn't mean a well educated student won't figure this out on their own even in the lack of this strong signal.

A well educated person shouldn't need a lot of external feedback to figure out if you spend more than you earn, bad things will happen.

The root cause is schools are completely failing at their job of laying good foundations for generations of tomorrow and are not getting the feedback they need to be useful and political tricks like this further distorts the feedback loop.

This means students are not well educated - they might be able to recite Shakespeare or vomit out coding algorithms from a book but most of them lack logical thinking, clarity of mind, decision making that includes knowledge of finances and projections so you can answer the question "out of all the things I can do, what should I be doing right now?"

So they go and land themselves in a mess and then politicians exploit them by digging a deeper hole for them and their children.