Pete Buttigieg had a great comment on this:
"Americans who have a college degree earn more than Americans who don't.......As a progressive, I have a hard time getting my head around the idea of a majority who earn less because they didn't go to college subsidizing a minority who earn more because they did."
Again, the idea of eliminating all or a portion of people's student loan debt is nothing more than voter pandering. It's not an actual liberal or progressive idea.
I worked in higher-education for three years while earning my master's degree. Every year when the federal government would adjust the maximum amount that students could borrow, guess what happened.........tuition increased. Public, Private, and For-Profit schools all do it. To me, schools should be held more accountable for the tuition they charge compared to the value of the degrees they award. Unfortunately, many student's have not show the ability to evaluate the earning power of their degree compared to the cost of tuition. Additionally, student loans should be exclusively for tuition, books, and fees. Too many students are living off of student loans to pay for their basic necessities (housing, food, electricity). Also, you shouldn't be able to travel to Europe with student loans.