This is an okay analogy on the surface, but there is another dimension to the student loan debt situation. The borrowers are not the poorest/most vulnerable of the population. They are disproportionately from upper income brackets.
Now, a pause on the first 30k of debt (or any other number under 100k) would solve that issue. 30k was chosen because that number seems to be proposed at a lot as a cutoff.
The stats clearly show the vast majority of student loan debt is held by degree holders and disproportionately by graduate degree holders with extremely high earnings potentials (doctors, lawyers, MBAs)[2]. Remember debt is a financial instrument, not necessarily a bad outcome. Graduate degree pursuers often hold a lot more debt, but will become much better positioned to repay it a few years after graduation.
[1]https://www.politifact.com/factchecks/2021/feb/12/alma-adams...
[2]https://www.brookings.edu/research/student-loan-forgiveness-...