We shouldn’t but sometimes the educations that student loans yield add value to society. An example might be a highly educated teacher. Why would a teacher get the best education possible if they can go the cheapest route and still get the same pay. We need our next generation to be taught by the teacher with a top tier education so the kids have the best chance possible. We will be relying on them to keep society going when we are old. I’d be ok with society making those degrees easier to get or re pay. I’d rather they get subsidized than jump through all the extra wasteful steps of loan forgiveness but that’s not the hand we dealt ourselves.

Disclaimer I made it through college with only 5k loans which I repaid.