Why are Biden/Dems allowing new student loans?

Good point

FedGov took over student loan ownership in 2010, loan balances exploded. College costs increased. I was involved in the Information Security portion of a state bidding for the work.

The cost of university, loans, has been very closely tracked for decades. Nobody wants to hear it, even though it's reality. Where did that lazy river around the student center get paid from? Don't ask questions, take selfies, and bitch about your loan five years from now.

But they/them needs the Early American Women's Studies degree from an Ivy that costs $200k. Gotta fulfill wants of your electorate.

Where are the loans for the trade schools? Most of them will make far, far, more than most college graduates. I never would have gotten a degree if I knew how much I could make owning a trades business.

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promises of "free" in future elections

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But they don't even need it. They've dumped almost 10M (ETA: illegals) in blue states to change apportionment, and there will be further anchor babies which make it more in their favor. They shouldn't need to buy off 10k borrowers every few months. It's cemented after the next census.

It’s simple. Cripple the younger generations with debt from out the gate so they can’t gain wealth as quickly while simultaneously leaving more wealth on the table for the older generations of the ruling class to hold onto. Most will struggle to repay the loans, and that is done intentionally. Because then you just keep promising them their student loans will be forgiven if they vote blue. Congratulations, you now have a young broke fool under your complete control.

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But they don't even need it.

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They can never have too many voters.

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So why are they allowing more people to take these loans today?

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These loans are another wealth redistribution tool in their toolbox...

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But they/them needs the Early American Women's Studies degree from an Ivy that costs $200k.

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Federal student loans (the ones the government wants to forgive) are capped. Undergrad limit total is $31K for dependent students, and $57K for independent students and dependent students who have parents who don't qualify for a PLUS loan.

So that $200K is, at most, about 25% covered with federal backed student loans.

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Where are the loans for the trade schools? Most of them will make far, far, more than most college graduates. I never would have gotten a degree if I knew how much I could make owning a trades business.

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Same program, chief.