Because they are different from the rabble. They deserve to have their loans forgiven, because they have somehow earned it.
Just like Ayn Rand had no problem taking social security money, while preaching the opposite for others.
Just like Mother Theresa enjoyed the highest medical care, while forcing those under her “care” to suffer in pain and sickness without any treatment because it made them “closer to god”.
They are the exceptions, the special ones to whom the rules do not apply.
They also have zero empathy for other people, and an active disdain for people they see ‘beneath them’.
You can see that attitude from the slanderous justifications they come up with why those “lesser” than them are undeserving of help or assistance.
They call them lazy, slackers, moochers, woke soy-latte drinkers, that chose worthless SJW degrees and now can not find a job. They accuse them of not working hard enough, of being irresponsible and wasteful with their money, and it is entirely their own fault that medical bills are bankrupting them.
There was a great aspect of the film “Knives Out” that also illustrates their self delusion.
One of the characters runs a publishing firm, but only publishes books written by his father.
One is in real estate, which started with a house gifted to her by her father.
One runs a failing skin care company, and uses money given to her from her dead husband’s father for the purpose of funding her daughters’ education, to keep the business afloat.
But they all believe themselves to be “self-made”.