Still not a fan, but we shall see if this has any actual impact on families. Although I think the policy is pointless, I do like that they are at least trying to do things. I would prefer we spend that money teach people to go into fields that require a college education, or work with companies to stop requiring college educations for jobs that don't need them.
The college is required and the only way to be successful time seems to be waning, thankfully. If this money gets those who were sold a fake bill of goods or who got stuck somehow, great. But we need to do more to not have kids get liberal arts degrees that cost $100,000 of debt, when there are not any jobs that need such degrees. Get a professional degree, get something that provides value to your future employer.
The problem is that kids think they need to go to college to be successful and to make a certain amount of money, which is clearly not true. Social Media influencers have proven that to be untrue
I am still pushing for my kids to go to college, but I hope they understand the cost, the expectation to pay it back, and the responsibility of that action. I don't like the forgiveness for that reason alone. You took the debt, you should pay off that debt. Personally, that is what I did. That is what I would expect my kids to do.
I am happy for those who are impacted positively by this, and hope that it will allow their lives to be better though. I know there are some where this will most certainly make their lives better, even if $10,000 isn't a lot in the grand scheme of the college debt issue.