We need to get out of this mindset of bailing out everyone; it's a slippery slope. Whenever the government bails out or artificially makes life easier for one set of people, they will make life harder for a different set of people because someone always has to foot the bill... Then this next set of unfortunate people who are left to pick up the bill will later demand to be bailed out too. The losers in the end will be those who don't have a political voice; e.g. the lower classes.

Sure, degrees were overly expensive and they were over-marketed and too many people got sucked into a scheme which didn't make financial sense for them... But, ultimately, nobody forced anyone to get a degree. People willingly took on debt because they thought that it would give them a significant advantage in the marketplace over a different set of people.

For many people, a university degree did give them a huge advantage; some companies have even gone out of their way to provide cushy jobs almost exclusively to university graduates and overlooking non-graduates who may have been more competent when it comes to the day-to-day reality of those jobs.

There is a lot of injustice in the world, but you can't fix it by selectively bailing people out. The economy is all intertwined, everyone needs to pull their own weight and accept the consequences of their own mistakes; that includes making poor decisions due to misunderstanding reality. It's the only way people will learn. Bailing out people will deprive them of valuable learning opportunities... The bailout mindset is probably why so many people today see the world through pink lenses and appear to be completely disconnected from reality.