Yall flipping the fuck out about this. There are way worst thing that our tax dollars could and do go to. College is a SCAM. Wheres this outrage when our tax dollars go to War, NASA, nation building. This topic seems to be just another divisive tactic. I feel all Criminaly induced debt should be forgiven. Point your energy at a better target.
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Do not forgive the principle on student loans. But DO eliminate the IRS style penalties associated with them! For government backed student loans, the penalties and interest accumulate exponentially to the original principle amount borrowed, making it practically impossible to pay back if a payment is missed or delayed. I would suggest a super low interest rate, with no penalties for slow payment. Just so a minimum amount should be paid regularly.