The bigger problem with student debt relief is that it doesn't solve the problem of how that debt is generated in the first place. By all means we should forgive a bunch of federal student debt, even buy out private student loans, but the problem will just start building up again until we're in an untenable debt situation again in the future. It's kicking the can down the road, the same complaint that a lot of people in favor of student debt relief have about the US debt ceiling discussion.

The perverse economic incentives right now push lenders to loan out as much as possible, and that drives cost bloat at the university level as they expand their cost structure to capture more and more of the available money lent out for education. What I'd like to see is debt relief paired with actual fixes, such as making student debt (either private or both federal and private) dischargeable by bankruptcy.