There's a difference between a stupid decision and being defrauded. A debt incurred as a result of fraud should simply be null and void. Probably the best way to do this is to make it the fraudster's debt, and not the victim's.

None would argue with second part. I would say not doing a google search before spending 10k+ is closer to stupid action .

I don't think you understand how these schools sell their "education" to people who are ignorant of higher education. They literally targeted people who don't know any better and promise that they will make $75k out the gate.

That is immoral such as all fraud is, but we do not compensate victims of bank fraud, medical fraud, ponzi schemes the list is infinite.

Bank fraud, medical fraud, and Ponzi schemes are not typically committed in the open with government and public support.

It's on case by case basis but I would imagine a lot of people would disagree on bank fraud :)

I draw the line at funding exxon but I can't just stop doing it.