Student loan debt is subjective. My son worked hard to earn a few academic scholarships. He had a choice to stay in Florida and come out of college with little to no debt or go out of state, but graduate with probably close to 80k in debt. He chose the affordable route. College and college debt is just as much about making wise choices as it about the cost of classes.
In addition, there are many people who take out larger loans than necessary. There loans pay for rent, food, partying, gifts, clothes...not just the cost of college. I’d like to see college financial counselors work to decrease the amount of loans people are able to acquire. If they truly can’t afford the cost of college than I’m sure they are able to qualify for financial aid and Pell grants which should decrease their debt burden substantially.
My concern with loan forgiveness as a blanket statement and referring to those individuals who make under any specified amount is that we are once again rewarding the financially irresponsible. I would rather see us forgive loans based on merit or professions such as; social work, police officers, fire fighters, or teachers. Thank you for your time.