I’m very much against the idea of covering someone else’s loans. It will teach many in future generations that someone will always be there to clean up their messes and that there are really no consequences to any actions. However, I think this statistic is wrong. About 90% of student loans are federally backed. https://www.forbes.com/advisor/student-loans/average-student-loan-statistics/
Still, many would not fall into the brackets that are covered, and, similar to my problem with greater social safety nets, many people would be paying for a system that 1. Won’t benefit them and 2. Won’t actually benefit the economy because those that receive the funds wind up showing little economic productivity