That’s just it. I’ve said it here before.
They don’t want the Universities to pay. Student loan forgiveness is effectively subsidies for overpriced higher education.
It is interfering with free market forces. Intentionally
When I went to college, the tuition was cheap but the courses were difficult and weeded out many students that had no business of being in college. Today, tuition is expensive and the courses today would have been middle school difficulty. Several courses like biochemistry and physics would start out with 100+ students and end up with <20 finishing.
Right; the whole student loan program is designed to subsidize academia at the taxpayers’ expense (so “forgiveness” is the natural next step).
Higher education became a bloated mess 50 years ago as “students” flooded in for draft deferments; the slow death of many schools is the result of that reduced demand taking its toll. Many schools expanded during the war because of so many “students” on the 10-year plan, and basically locked themselves into an unsustainable overhead.