Everbody's paying for it in the form of tax, I would rather not bail out universities/banks that prey on the financial illeteracy of high school graduates.
:)
Indeed!
But that aside: forgiving this debt is not about bailing out universities or banks, it is to help those individuals. That the banks get the money doesn't really matter in the longer term, the quality of life improvement for the individuals affected more than offsets that and if this didn't happen they would still have to pay the banks.
Massive assumption. People justify to themselves that something is good on a society-level when really it's just good on a selfish-level.
I believe that this can actually be bad on a society-level due to college debt being in the trillions.
I agree that education should be free, but not colleges. Colleges are involved in the business of credentialing and monopolising entry level jobs.
There is no use in education being free if there are credentialing businesses charging $320k (which I believe is going to increase as they teach more highschoolers why college debt is worth it) in order to use your skills in the job market.
Colleges who have a history of exploitative pricing have no place in the future of free education.