The distant shrieking about forgiveness of US government student loans is coming mostly from the moneyed class that managed the windfall surrounding the actual loans. In essence, banks and other financial institutions had an opportunity to take on the role of administrator for the government, which the "big-gub'mint" haters in Congress demanded for two reasons: (1) it required no or few new government employees, and (2) it created an income opportunity for their donors, some of which redounded no doubt to campaign contributions.

The principal of most of the loans that have been eligible for forgiveness (do your own research on the ratios) have already been paid back, in effect leaving only accrued interest to be paid. So the whining is mostly about loss of unearned income. So sad.

Speaking from personal experience of long ago and far away, an NDSL student loan of about $6,000 (about $51,000 today) supplemented my savings and enabled me to go to grad school, after which my annual income nearly doubled. I then paid higher taxes at a higher rate on the higher amount for 30 years totalling much more than the amount of the loan. The nation earned a substantial return on investment, and I got a jump-start, and I believe a more interesting life.