 We must substantially limit access to federally backed student loans. Colleges have been given every incentive to hike up tuition costs while offering no additional value, knowing that student loan forgiveness, which is really student loan redistribution, has taken all risk away from the borrowers. It's the taxpayers, you and me, who are forced to foot the bill. No money lender in this country would loan $100,000 to a 17-year-old kid.