What bothers me is nobody is talking about who is profiteering on this whole plan.

First thing it is not “forgiveness”. That would be telling creditors to take a hike and declare the loan contracts null/void.

Instead, student loan companies are salivating at the opportunity to reap gold mines of taxpayer dollars. They wrote a ton of really bad loans and old uncle Biden wants to reward them for their crappy lending practices.

I certainly understand the sentiment of taking out a loan at 18 years old and not realizing the consequences. But the solution isn’t paying off companies who know better to give you that loan so they can go afford more private jets and yachts for the C Suite.

Let the loans default. These creditors are rich enough already. You made a $250k loan to an 18 year old studying hair design? Tsk. That’s on you.