I agree completely with the notion that we’ve got a generation of indebted students who essentially fell for a con. That’s the “mule” reference. We treated them as mules, and sold them a lie.
In that sense, I am sympathetic.
But if all that is true, and all that serves as justification for forgiveness, then its impossible to “go there” without structurally reforming the system that heaped all that abuse on the students. The idea that on the day all loans are forgiven, some poor sap signs up for a new loan is absurd.
(A housekeeping question: Did the paragraph breaks in my initial post go away?)
Back to higher education, some apt thoughts from Scott Galloway.