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RE: I think student loan forgiveness is a bad idea that is only going to make the problem worse
It is a huge racket. I don't say this often but I think there should be price controls on state universities and maximum incomes for their admins and presidents. They basically operate as a monopoly and aren't providing the equivalent value that they've added in costs to students.
Thankfully I think a lot of attention is being brought to this matter and people are starting to shun high-priced, low-return educations like this. We'll have to wait and see if they start competing on price but I highly doubt it. This move, should it stand, only helps to further the problem.