First and foremost, these lenders exploited an entire generation of Americans for a profit. The actual value of the education these students received does not equal the monetary value of the loans. Especially when you consider the standardization that has taken place in most college education systems (not talking about Ivy league necessarily). Most students in America are not exposed to the universe at university, they are mostly sold lies and prepared to be brainwashed drones in a world where we need creative well rounded geniuses. The whole system is backwards, by design, to deny a proper education for the masses, then to create mass servitude by the countries youth. Debt is slavery.

I have very little sympathy for those who profit from selling false promises.

With all of that said, the solution for this is fairly simple. Give a % of the monetary value of the loans that are forgiven to the lenders as a write off against their future taxes. Done. Everyone wins.