The really gross thing here is the insane moral hazard that universities represent in this feedback loop. Universities, particularly through the media, exercis

The really gross thing here is the insane moral hazard that universities represent in this feedback loop. Universities, particularly through the media, exercise strong influence over public discourse about education spending. They also benefit massively from that spending. Canceling student debt without penalizing that feedback loop likely accomplishes nothing or a negative. Whether you forgive student debt or not, universities keep their huge gains that they've pumped into infrastructure, administrators, and influence.