Perverse incentives

I dated a girl who's family would enroll in college, take out as much student loans as possible.. Then drop out once the money came in. It was a strategy given to them by friends in the local Iranian community. Shady!

— Ryan A (@ryanutahn) August 25, 2022

After the partial debt forgiveness, the scammers will take out even larger loans. The fraud will intensify. The same logic applied to the past immigration amnesties. It lead to greater illegal immigration; the illegal aliens were logically gambling on another blanket amnesty for themselves and their families.