We live in a world where stupid knows no bounds and suffers no consequences. The current administration attempted to throw a sizable bone to the yellow-dog faithful only to have it soundly rejected. Apparently a $10K student loan forgiveness was totally unacceptable: seems like it is all or nothing as far as the overly entitled are concerned. These arithmetically challenged, intentionally ignorant "scholars" seem trapped in a never-ending pity-party of their own making.
Well, mostly of their own making.
Even taking the "all" option will not address the fundamental problem and we'll only see wave after wave of the over-leveraged entitled. Like immigration amnesty without immigration reform this is kicking the can a very small ways down the road. Even public schools are over-commercialized expanding not the actual education services, hence the worthless degrees, but administrative overhead. This happened when the industry embraced the Oprah philosophy, everybody gets a degree, and to accomplish this a transition was made from an attrition model to a developmental model. This requires enormous expansion of wrap-around services, remediation (explicit or embedded), extended stays (outside of service academies graduating in six years is considered success) and exponential expansion of non-educational staff and administrators. Oh, yeah, and budget.
Because when clear the mental fog you'll see that this is all about the money, not learning, not even credentials...just money. And until we, as a society, address these fundamental failures we will have nothing but a pipeline of the indebted ignorant.