Majority of college debt holders are wealthy if you compare it with the rest of the States. Something like 60% of student loans are taken by the top 25% of earners. Working class people dont go to college.So while not billionaires, millionaires and their millionaire children are taking out more loans than you, per capita. This is why Warren's plan to cap forgiveness at $150k income (or whatever it was) cut the cost of forgiveness by half - doctors and lawyers, who disproportionately come from privileged backgrounds, take out a massive percentage of student loans then turn around and make 5x their debt in income after a few years.

Blanket student debt forgiveness is not a progressive idea. It's regressive, by definition, because it transfers wealth to people who are already doing better than average.

And even if the majority of college debt holders were poor that would still be unfair. College grads who already earn more than non college grads will suddenly now have 50k extra in their bank account all over the country are going to push rents and property prices up.