Student loan forgiveness may exacerbate the student loan crisis by keeping in place some bad incentive.
Student Loan Forgiveness benefits the wealthy: https://fee.org/articles/top-20-gets-6x-more-benefits-from-student-debt-cancellation-than-bottom-20-new-study-finds/
Other ways of funding: https://fee.org/articles/isas-the-friedman-solution-to-the-student-loan-crisis/
