Do you support the universal cancellation of student debt?

@BiasForAction Unless that contract is amended and agreed upon. Predatory lending, too, invalidates the deal, and we're prosecuting that at higher rates than ever before.

@Graylight I’m pretty sure the vast majority of student loans for college are legitimate contractual arrangements but please do provide studies showing I’m wrong

@BiasForAction I'm sure they are, but while for-profit school account for 13% of learning institutions, they account for 33% of student debt. It's been demonstrated that, on average, 25% of for-profit payment goes toward actual educations.

Problem is, that last part is also true about most educational institutions these days. A recent headline from NYT: "Navient agrees to cancel 66,000 student borrowers’ loans to settle claims of predatory lending.
The student loan servicer agreed to cancel $1.7 billion in private student loan debts for nearly 66,000 borrowers and to pay $95 million in restitution."

And Navient is the main "above-board" lender. They'll be billing me until the day I die. A contract is a contract, true, but there are untenable terms that render a contract invalid and the greater question is, why aren't we providing our citizens with the one assured metric of success for the future?