Given the fact that the economy is in the tank for as far as the eye can see, these kids won’t be able to get jobs or pay back loans. They will start life by defaulting.
Now that is a eureka moment. The government has been so good and helping that it has helped increase the cost of education, it helped increase the cost of housing and now inflated education loans are going to go bust but the difference is that those that hold them will find it much harder to get out of them.