“Forgiving” the debt of college graduates is one of the most regressive tax schemes imaginable.
As a group, college graduates tend to be healthier, wealthier, happier, and more racially homogenous. To use the language of the left, they are privileged. Our country cannot provide unlimited welfare – there are limits to economic surplus, and printing money is another regressive scheme that most devalues the assets of those who can bear it least.