Instead of simply cancelling student debt, maybe it would be a good idea to loosen the rules about discharging it via bankruptcy. Then you'd both help the people in the greatest need, and start to fix the system (because lenders would have to become less indiscriminate).
If you were studying engineering, that's the sort of loan a careful lender would continue to make.
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Creating social pressures (via credentialism among other things) that force anyone who wants to be taken seriously to get a degree, even if they don’t need it for the career they’re working towards, has a pretty unblemished record of inflating the cost of education.
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The problem then becomes one that puts value on human knowledge based on direct applicability to industry and earning potential. It isn’t wise to *limit* educational growth
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