Okay, so the Education Department finally axed the student loan program and some repayment plans, huh? About damn time. I've been saying this for years: the whole thing was a house of cards built on promises nobody could keep.
Let's be real, the student loan system was a predatory racket dressed up as a public service. They hook kids right out of high school with dreams of "higher education," saddle them with debt that'll haunt them for decades, and then act surprised when they can't pay it back.
It's like selling someone a car they can't afford and then repossessing it when they miss a payment. Except instead of a car, it's a degree in underwater basket weaving. And instead of a repossession, it's a lifetime of wage garnishment.
The fact that it took this long for the whole thing to come crashing down is honestly shocking. I mean, did anyone really think that forgiving billions of dollars in debt was a sustainable solution? It's just kicking the can down the road, except the can is full of financial dynamite.
What happens to the people who actually did pay off their loans? Do they get a refund? Offcourse not. They just get to feel like suckers.
And what about the universities that jacked up tuition prices knowing that students could just borrow more money? Are they going to be held accountable? Don't hold your breath.

So, what's next? The article doesn't really say, does it? Just that the program is gone and some repayment plans are kaput. Great. What replaces it? Do we just go back to the days when only rich kids could afford college? Or do we come up with a system that actually makes sense?
I suspect it's going to get worse before it gets better. You'll have the usual suspects blaming "lazy millennials" or "entitled students" for the collapse, completely ignoring the fact that the system was rigged from the start.
And you'll have politicians promising to "fix" the problem with more band-aid solutions that only make things worse. More loans, more forgiveness, more empty promises.
Then again, maybe I'm the crazy one here. Maybe I'm just a cynical old bastard who's lost faith in the system. But I look at this situation, and all I see is a giant, steaming pile of... well, you get the idea.
It's like when Wendy's restaurants are closing down because they can't afford to stay open. Except instead of burgers, it's futures being devoured.
This isn't progress. It's a damn disaster. The system imploded because it was designed to fail, and now we're all stuck picking up the pieces.
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