You have to choose to go to a for profit or private school over a public one. See my prior post (below). The data doesn't really back what you are saying. The average undergraduate public state university, 30% have no debt, 25% have less than $20k debt. Another 33% have $20k-40k. And 12% are over $40k. For majority of people with student debt from a public school, the amount should be manageable if you have a salary job with a bachelor's degree. That upper 12% should have some options that are case by case. But wholesale removing debts seems silly given that information. I just hope you aren't trying to generalize your personal situation. Ya you are right that people who can't pay off their debts are excellent for the economy, because they by definition spend money they don't have. And yes, I have no sympathy for people who chose for profit, private, or graduate school. I personally didn't have that option because I couldn't afford a "better" school than the one near where I grew up. I chose to go to the one that made financial sense despite offers from prestigious (and out of state) schools. I'd also argue that the in state public school was more than sufficient.