this post was submitted on 08 Oct 2025
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Too big to fail means that the failure of a business or industry would take the country down with it. The college industry (as it's more an industry than anything else) has effectively become "too big to fail". But what's so insidious about it is that rather than all these schools carrying the debt, they've literally pushed it onto the students.
Forgiving student loans without a plan is a bailout for colleges and only accelerates the broken system.
As for screwing people over with changes to forgiveness plans (or making them too rigid in structure) is an example of something that needs to be fixed because it's clearly not working.