[throwaway894345]

Fine, then let's use a needs-based mechanism so that we don't exclude needy people who just didn't have the means to go to school in the first place or reward people like me who are doing fine but didn't pay off our loans because it's more lucrative to invest the money in the stock market. Student loan forgiveness isn't merely unjust, it's ineffective for antipoverty. Moreover, "tough luck, life ain't fair" is a great rationale for ignoring poverty and injustice altogether.

> One other thing people don't consider is that Most 18 year olds don't have a good grasp on money or what they want to do in general and in my hometown (poor county in WV) there was a TON of pressure to go to college if you didn't know what you want to do. Kids don't know better to not get into debt for a degree because everyone tells them not to worry about it. There is a serious problem with financial education in the US.

Agreed. I grew up working class in the midwest. The working class kids who went to college generally did fine because we worked and didn't live like we were earning 6 figures. The upper- and upper-middle-class kids were the ones who were getting Starbucks every day, living in dorms, paying for meal plans, going out to eat every other night, working fewer than 8 hours/week, skipping class, majoring in fine arts, etc and financing it all on debt (my wife is in the latter group and she has considerable loan debt that we're currently investing).

Student loan forgiveness will surely help some lower-class people, but by and large it's welfare for the middle and upper classes. It's regressive. https://knowledge.wharton.upenn.edu/article/how-student-loan...