re: "Travel enthusiast” is grateful his student loans are forgiven

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My point is the risk for students today should not be more than the risk for student back in the day. This idea that you do not pay back loans on these programs is not realistic, you are still making payments to pay back monies no different that the other person did two decades ago, the only difference is a subsidy upfront during school or a lump sum payment after the fact. There is zero difference to the tax payers in the end.

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A lot of things have changed since back in the day. There's a lot more majors available. A lot more students enrolling. When states started pulling their funding, which of course wasn't loans, the federal government offered student loans. High demand with easy access to loans is what has led to a much higher cost of college education relative to the time you speak of with a much higher volume of students.

I don't think you're entirely wrong; tax payers are paying for state contributions now as they were then, but the cost is seriously out of whack now. They need to seriously reduce the amount of loans they give out and the amount enrollees. That may sound like I'm trying to limit freedom of choice, but this country has already seen what unrestricted lending did to the housing market and the overall economy with the collapse in 2008. I'm all for a better educated population, but not at the cost we are seeing, and we are not necessarily better off for all the "educated" people who didn't get useful degrees.