Dear Dave - There actually IS mortgage forgiveness:

https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-13-bankruptcy-basics

Borrowers who signed a contract, but got laid off, disabled, or even just saw a substantial drop in income can still *work* and keep their home, and get debt relief, including for their cars.

Do a little homework and understand that it is compounded, too-high interest loaned to essentially unqualified (undergraduates) who cannot foresee the job market, a recession (or two), or a pandemic any better than the banks can - except the banks can compound their 8% interest all the way...