Ha! There is a bit of a hypocrisy there -- if big banks / companies piss away money and choose to strategically default then (and some even get bail-outs), it is just business. If people do it for whatever reason, well clearly the are immoral, deficient somehow, their psychology needs to be studied by a special committee.
> Some borrowers aren’t repaying even when they can.
Yap, makes sense. They see banks get bailouts, why shouldn't they get bailouts. Now maybe they shouldn't have been allowed to borrow to start with. But maybe so shouldn't have banks and insurance companies been allowed to leverage to unsustainable levels.
> The singular goal of our student loan program is to help all students get a degree that sets them up for success
One a separate note, that needs to be reviewed and re-evaluated. There are deeper issues here. Simply handing out billions of dollars for degrees like Masters in Basket Weaving from Phoenix University cannot possibly be seen as solution to anything (except well, handing out tax payer money to Phoenix University...)