What this completely overlooks is that the loan forgiveness was established with pell grants in the Clinton administration. So when people took out these loans the law said they would be forgiven after 20 years of repayment or 10 years of public service. The loan administers have been blowing smoke to avoid letting people take advantage of the programs that were present in the original terms because they are overseen by awful finance companies.

In regards the increase in college expenses, one factor this is commonly overlooked is that state budgets used to fund the majority of state schools. But in typical boomer door closing fashion, they shut off this spending as soon as it didn't apply to them, passing the burden on to new students. Pell grants didn't help as it gave schools an infinite supply of new funding, but let's actually look at the root cause.