Sorry, but gov'ts can't forgive debt with the stroke of a pen. Those are assets that the banks are expecting to receive. If the students don't pay, the banks do. All you did was shift the debt to someone else.

Sorry, but gov'ts can't forgive debt with the stroke of a pen. Those are assets that the schools are expecting to receive. If the students don't pay, the schools do. All you did was shift the debt to someone else.