And here we have "Generation O" (or "Zero") in all their glory--college graduates and/or drop-outs who chose a college, applied for loans, and then decided that since the school really isn't any good, that they should not have to repay those loans.
Dozens of student loan recipients face default after refusing to pay back money
I'm sorry, but as someone who also owes tens of thousands of dollars in student loans, I'm not really sympathetic to this crowd. Sure, I'd like to toss the loans aside and never pay it back, but I also realize that it's real money that I borrowed, not from the school that I chose to go to, but from the government or other lenders. The deal was simple: I promised them that if they loaned me the money, I'd repay it with interest. It really didn't matter to the lender if I chose to pay for classes or just blow it all at a strip club--the deal was for a loan. Period.
Now these chumps are all upset because the "colleges" that they decided to blow their loan money on were some non-accredited scam business schools of the sort that usually advertises on late-night TV. And now that they've learned that other schools won't take the credits that they got and that actual employers consider those schools a joke, they've decided that they should not have to repay the loans, leaving you and me and every other taxpayer on the hook.
In my day, there was this thing called "responsibility", and it meant that when choosing a school, we chose wisely, typically by looking at school rankings, placement percentages, and the caliber of the instructors. Picking a "college" that operated out of an office building or had it's classes in a strip mall would have made no sense, but to these idiots, it seemed like the perfect choice. Why go to an actual university where you have to show up for class and do homework and stuff, when you can just go to one of these little offices and get a degree by doing coursework at home under no supervision and with no professorial interaction at all. A degree is a degree, right?
Well these folks are learning the consequences of trying to slide by on the cheap since the government finally closed those "schools" due to the egregious fraud that they represented. But every one of these "students" chose to enroll at those schools and had the opportunity to make other choices. I sympathize with them for the consequence of their bad choices, but how is it my obligation and yours to pay their loans back while they just skip off into the sunset?