So she plans to reward the people who made the worst decisions. As someone who made responsible decisions: nope. Just no. I will not support tax dollars going to bail out people who paid upwards of 50k for worthless degrees.
The median first salary for every discipline after undergrad is sub-$100k (fig 7).
I guess you just think college as a whole is worthless.
For many for profit college loans or predatory liberal arts colleges, there is a level where this seems like the tax payer paying the banks; otherwise they would have to write the money off as a loss.
Put it this way, if you're tight on money and you max out your credit card for a vacation across the world, is it worth it? Obviously not but you can't expect tax payers to bail out poor financial decisions.
Arguably it's worth it to some people. At NYU you can get a room right on Union Square or Washington Square Park for instance.
Not if the government is doing the paying, they don't. How much am I willing to have the government pay for me? Quite a bit more than I'm willing to pay on my own account.