You could make the same argument if he had given the money only to people without any debt as a reward for their good planning. There are two problems with rew

You could make the same argument if he had given the money only to people without any debt as a reward for their good planning. There are two problems with rewarding only the least responsible people. The first is that it will encourage people going into college to behave less responsibly due to the hope that their debt will be forgiven. The second is that this gift isn't happening in a vacuum. It's happening as part of a political movement to make this sort of charity part of public policy. People don't want public policy to move forward in a way that puts the people who tried to do the right thing in the least advantageous position.