High Interest Loans

What's wrong with high interest loan payments?  Apparently everything. A settlement was just reached to forgive 1/3 of a billion dollars in high interest loan payments for students at some universities because they cannot repay the debt.  What's wrong with borrowing money at high interest when you can't borrow at a lower interest rate?  What's wrong with borrowing money to pay for something you cannot otherwise afford? I say nothing, nothing, unless you choose not to satisfy the debt you voluntarily incurred.  Au contraire says the liberal mindset. Always remember that the irresponsibility of leftism and victimhood will find a reason for not honoring your obligations. Who needs to honor an obligation? Who needs any principle you can void? Think about it. Who needs a college degree?