This title is incredibly misleading. All the Obama administration is doing is providing a streamlined process to people who are already eligible to have their debt forgiven.
For the people moaning about "wealth redistribution" or wasting taxpayer money: These are people who are already unable to repay their loans. If anything this will save money since it will cut down the overhead from the government garnishing social security checks to repay its self (which would be laughable if it wasn't happening to real people).