> For example, we have the PSLF for borrowers who work in service careers. Maybe we don't need blanket loan forgives, but should simplify and beef-up PSLF.
PLSF is indeed a great example. It has well defined terms and people arguably know what they're getting into when they sign up for public service employment (with the intention to defer their loans).
I'm pretty strongly opposed to anything new though. The only thing I might get behind is a uniform policy that simply hands out cash to everybody regardless of incomes or loan status. If people have loans, don't even give them the cash, just pay off that slice of their loans. If there's no loans, they get the cash. No income games either. The only possible qualifications would be whether you're employed (which means the IRS already has a tax id).
If we're going to make all of us poorer through inflation by printing money, might as well distribute it fairly. At least in that situation the kid that went to trade school and doesn't have loan debt gets the cash.