I think the anger will come less from those who paid — because they could afford it — than from those who never went https://twitter.com/damonlinker/status/1328166615507230720

The college graduate class is internally subdivisible into those who realized the gains in income associated with that credential and those who did not while taking on massive debt

The creation of the latter class by the lenders and the universities will be seen in retrospect by historians as worse than a crime — a blunder....

The literary, art, and music scenes in NYC and LA are themselves divisible into 1.) improvident young people living out a debt-fueled illusion, 2.) trust-funders who live as the first category do while secured from debt, 3.) the lucky few who get rich through their work

There is heavy overlap between categories 2 and 3

The intense resentment generated within this class drives much of the intensity of today's youthful leftism, though it's (as always) political and cultural entrepreneurs of class two that tend to be leading (and profiting off of) class one

There's a case to be made that you can quell a lot of political rancor simply by forgiving the loans and letting the debt-ridden class off the hook. There's also a "moral hazard" case to be made.

My gut tells me the former is probably right.