I understand what you’re saying, but there’s either a gap in communication from some adult helping with the process, and/or there’s a feeling of entitlement from many of the kids getting a large loan to go to college.My big thing about college loans is that at 18-22 years old, people shouldn't be expected to make great financial decisions on their own, so they rely on the advice of others. That includes parents, teachers, school counselors, college reps, loan reps, and more. Overwhelmingly, young adults have been pushed toward 4-year colleges and told loans were worth it. Add to that recessions and collapses in the job market, plus the rising cost of college, and we have a huge section of an entire generation that is crippled by debt that they didn't get into on their own, and under circumstances they couldn't control. To me, loan forgiveness is akin to disaster relief.
And as far as the idea that it's character-building and they should have to do it b/c we did it, by the same rationale we should have to deal w/ polio and smallpox b/c past generations did. There are so many different ways to build character. Is giving to charity destroying the character of the recipients? Is having financial support from your parents past the age of 18 destroying character?
Either way, it’s a problem. The people that oppose the loan forgiveness feel that way due to the appearance of entitlement from the kids.