My daughter and her husband paid off $60,000 in student loans in 3 years. They did it by using their education to get good jobs and then really tightened the belt to get it paid off. Ate lots of beans and rice, no cable TV, etc.
They will really be pissed if the Gov. forgives loans.
Some PhD guy should do a study and lay out the idea of loaning a kid only the amount of money for his study....that his general income level will be for 10 years after graduation. Beyond that....zero loan.
If you were stupid and got a degree that will only net you $35k per year for the next decade after graduation....the total loan probably ought to max out at $25k. If that’s not enough to cover the cost....maybe you shouldn’t be in college, and some occupational deal via a community college would be in order.