Part of the problem of student loan debt is the rise in tuition substantially in excess of the rate of inflation. I am not clear on the wisdom of student loan debt forgiveness, but it is crucial that something be done about the explosion of tuition rates.
I have always been struck that in all political discussions of student loan debt, the tuition explosion is mentioned very little. In discussing this issue with my adult children, who themselves have children several years away from college, they are taking a much different approach to college: they will send their kids to lower-priced public colleges, rather than the prestigious private colleges they attended as undergraduates. And these days, my kids say, graduate school is the real key to entry into the work force and a profession.