This is truly terrible. It penalizes people who paid off their own loans, it rewards people who made poor choices, and it drives up the cost of school for everyone.
"The loans of nearly 16,000 former students are being forgiven under a legal provision known as borrower defense to repayment, which allows students to have their debts erased if they prove that their schools defrauded them."
I paid off my student loans for the state university I attended. How does a student who can prove they were defrauded being forgiven penalize me?
You're also missing the illegal behavior on the part of the for-profit institutions. That's what we, as tax-payers, are on the hook for. And we would be on the hook for it regardless. You want to complain, complain about the for-profit institutions that defrauded these people illegally for us to have to clean up.
those who took a sacrifice to pay off their loans would not have had to make the sacrifices had their loans been forgiven like the article claims.
Not receiving a grant that is paid for by taxpayers is a form of "penalty".