I'm not a huge fan of the idea of student loan forgiveness, but I'm also not a fan of what our university education system has become.
The focus on getting a college education that in most cases is not geared toward enablement toward joining the workforce, yet is still an almost mandatory prelude to joining the workforce, is frustrating and misguided. And the widespread availability of loans to fund this unnecessary and misplaced education, is enabling the universities to increase costs at a dramatic rate, without much check or balance to the value of the money being spent or the appropriateness of the education being provided.
It's all sad and broken and the students are the ones getting caught in the crossfire.
In reality, a large percentage of those students would be better served in vocational training and never should have gone to college at all. But in our country, the American Dream has become conflated with insistence upon a college education, and vocational training is consequently stigmatized. Until we can correct those issues, I don't see much chance of reforming the entire post-secondary-educational system in the US.