[rootusrootus]

The problem with forgiving the loans is not economic. It would be trivial to do, and the economic consequences probably positive.

It is a moral hazard. First, it amounts to a giveaway to people aren't necessarily all that sympathetic -- people who can afford to go to college at all, even if they borrowed money to do it. Remember how much of the population couldn't even get that far. Second, any kind of student debt jubilee without first reforming the system just invites every future student to take as many loans as possible with the expectation that they too will have their debt forgiven.