I think we have to consider what's best for society. Having so many people living the first half of their working lives buried under tens of thousands of dollars in debt is going to hurt all of us, even those who were "responsible" with their loans. Too many important jobs in society require lots of education but don't pay well enough to actually cover living expenses and loans. Think counselors, educators, even nursing is moving in this direction.

We need to bite the bullet and help these people, otherwise, we will all suffer the consequences. These jobs will go unfilled, people will be homeless or living in poor conditions, and it will be future generations that bear the costs from this.