If you were a Lender would you think that was fair...?
The (((lenders))) don't care either way since they were ALREADY SET UP for a "heads I win, tails you lose" scenario.
The entire scheme was a ruse from the start. (((THEY))) convinced naive but well meaning parents and naive 18 yr olds to take on $20-$80K in debt KNOWING a good % of these loans would never be paid back.