The Fall of the Ivory Tower

[Alpha]

One thing that could potentially happen is that the new Presidential administration could push through some type of student loan forgiveness legislation.  I know that some people don't like this idea but it has been discussed by multiple candidates during the election process.

Which does exactly nothing to reform the costs - and may actually make it worse going forward (since everyone - schools and students - will expect it to happen again in the future).  It's a terrible idea.

I'm not certain that the primary purpose is to reform the costs.  I think the purpose is to help the people who carry the debt.  To me it seems to be a complicated problem and no single action will solve it.  I believe that any loan forgiveness program is primarily intended to lift the financial burden from the students/graduates.  Reforming the costs of higher education will require a more far reaching reform of the student loan process as well as the higher education institutions themselves.