As a non-American, the "loan forgiveness" seems crazy if you don't address the root issue, which is giving large loans for people who will never be able to repay them. By forgiving the loans you have basically the worst of both worlds; you have an unbounded education cost that just keeps rising like crazy (vs a gvmt-funded university where the gvmt sets the budget), a lot of people who won't qualify and have their lives ruined, AND crazy amounts of taxpayers money to pay those off (which is inflated, see first point). Feels a lot like the Cobra Effect [1].

All of this to avoid... free education for all with taxpayers money? Because that's socialism?

[1] https://en.wikipedia.org/wiki/Perverse_incentive#The_origina...