Because we owe the younger generations a better future. The rallying cry of narcissists and fools is "I suffered and therefore so should you!" -- we're better than that.

the most entitled generation ever

You mean the boomers who went to college for like five bucks a semester?

I paid for my loans - why should we forgive the loans

first off... you do know that the economy doesn't just stay stagnant for decades, right? houses aren't $17,000 anymore. the fact that you were able to pay your loans before has little to do with how expensive student loans are now.

secondly, the logic of "i did it so they should have to do it to" is quite a toxic & nonproductive way to think about society, & societal change. what you need to realize is that this sentiment comes from a place of envy & bitterness rather than actual logic. you don't want things to improve for the next generation because you can't fathom someone having it easier than you. you could apply this logic to anything, & the final conclusion will always just be "why bother changing", it's not much different from the conclusions you'd reach through pessimistic nihilism. growing up i was poor, so much so that sometimes we didn't even have dinner, a house or even a car to sleep in. does that mean i should raise my future children in poverty too? why not? i did it, got through it, so the next generation should have to get through it too, right?

if, throughout human history, our entire reasoning for making changes in society was "well i had to do it so they have to too" then we'd still be in huts & making fire with sticks. our ancestors didn't work, fight, & die so that the next generation would have to live the exact same life as them, they worked so that their children could have better. & this drive for the next generation to have a better life than the last is the reason why we've worked so hard to improve, invent, & innovate over the course of human history. it's why we even have a safe society in the first place, & probably why your parents worked so hard to give you a great life too.

what is already the most entitled generation ever?

according to who, & what? from my perspective, the generation who had an economy so great that they could afford a house & family without college & yet still choose to complain about everything is the most entitled. but i guess we're all spoiled brats because we want to have an actual future.

Otherwise where does it stop? Are they going to forgive mortgages and car loans next? Why not? It’s the same principle.

slippery slope is known as a logical fallacy for a reason

This is an incredibly selfish perspective. We're talking about education, not a mortgage, although everyone should have the ability to house themselves.

A nation should want an educated population, so higher education should be made easier to achieve, not harder to achieve. That's why most developed nations have affordable universities or free/cheap public education.

Young people were pushed constantly to get higher education by any means necessary or they were told they would ruin their futures. This means that kids as young as 18 and 19 were signing their life away and going into massive amounts of debt because they felt they had no other choice. Combined with the predatory loan and for profit university practices of loaning as much as they can and charging whatever loan companies would give, it quickly spirals into screw-a-generation territory.

Just because you managed to pay off your loans doesn't make it feasible for everyone else, and they don't deserve to have a tough life because of predatory higher education costs and decisions they made right out of highschool.

undefined_one> It’s the same principle.

It's really not. The system is broken and student loans are extortionate. Borrowers were promised something that was not delivered.

I paid for my loans, too, but I don't think the next generation should suffer because we bought into a broken system. It's been shown that student loan forgiveness will have a hugely positive impact on the economy. I'd much rather we make decisions that benefit society as a whole versus holding on some misplaced idea that it's more important we punish a group for believing the lies they were told.

Also, "most entitled generation ever" is such bullshit, pure and simple. Wage gap, American Dream© being a lie, housing crisis, etc., etc. This generation was led to believe they had a future, but they just can't afford it.>

I was a slave for my whole life, why should my children be free of the pain I endured?

Look at this guy acting like there isn't also a housing crisis in the USA

Your generation does the job listing that requires that generation to get a degree?

The irony of "i got mine during a better economy, fuck them kids" is a stance you are proud of.

What makes them the most entitled generation ever?

"I beat cancer, why should we spend money curing it?"

Car loans don't directly improve our society. Education does.

"Are they going to forgive mortgages and car loans next?" this would also be a good thing.