A fixed amount of student debt forgiveness could be fixed at a “low” figure ($25k or so) and deliver huge benefits to most borrowers, but probably not the borrowers and their peers who do the discourse https://www.pewresearch.org/fact-tank/2019/08/13/facts-about-student-loans/

The student loan conversation spends a lot of time fixated on the Oberlin art major and the big law associate with hundreds of thousands of dollars of outstanding loans, but that’s just not an accurate representation of the universe of student borrowers

Also we need to decide if how progressive a policy is is determined by “which income deciles the dollars flow to” or “which income deciles get the biggest benefits as a percentage of income”