Unless they put pretty low income caps on forgiveness eligibility, this is a bad idea. It would be a massive wealth transfer to the already well-off.

I think it would backfire politically too. Most student loan debt is from graduate degree seekers. They aren't the ones Dems need to be courting.


https://www.cnbc.com/2022/04/27/administration-signals-student-loan-forgiveness-decision-may-come-soon.html