system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: I just don't "get it" with the idea of forgiving student loans entirely

This is an odd CMV, for me at least. I'm completely open minded here, but do keep in mind my position on the majority of political issues is libertarian. With pretty much every mainstream idea from the right or left though, I've always understood it. I may have disagreed, but it at least made sense. This idea isn't like that for me at all. I can't figure out how anyone on the left would think this has a chance of ever happening. Like, the Green New Deal has a better chance of happening then this.

\- Why not just eliminate the interest? Or even pay back the interest everyone has already paid? With no interest being accrued, and the prior interest paid back, however "predatory" the loan was becomes irrelevant. Then, make a law going forward capping interest at a very low amount. Given all of the protections the lender has to recoup their money, this seems more than fair to me.

\- However one feels about student loans, the fact is the student received a service. They should pay for that service they received.

\- Some of the burden of giving people free college, will be on those that didn't go to college. This seems entirely unfair to me. If I decided to go to a trade school for my career, why should I have to fund someone else's college education?

\- Why can't we do this for other predatory practices? Could payday loans be forgiven? What about money lost from gambling? What about money lost on the stock market? We can presume the money the person gets would go back into the economy...which is often an argument I've heard for why forgiving student debts would be a good thing.
gpt
Forgiving student loans is a fast way to juice the economy. Plenty of people will just be glad to breathe easier, but lots of people will take that money and buy homes, have kids, start businesses, trade in a junker for a newer, greener car, travel, etc.

Student loans are an easy target because the government does most of the lending whereas the government doesn't run the stock market or Las Vegas sportsbooks.