[foolswisdom]

I would think student loan forgiveness is bad in the way bailing out banks is bad. It solves a specific problem now, but if you don't figure out a way to change the way things work it will simply happen again. It can make sense if it brings existing obligations in line with whatever new plan is offered (assuming that makes sense given the plan), but by itself it sounds like a way of sneaking in free tuition instead of making (and debating the merits of) free tuition.