They are going about this all wrong...
Go ahead; forgive the debt that a couple million younger folks have and tell you doctor to quit bitching about it on your future visits (if you are fortunate enough to have one of those).
But... if you magic wand $50,000 of economic benefit by voiding freely entered contracts for a couple of million folks, than the remaining 338 million of us should all get checks for 50 LARGE. Its only FAIR...
AMEN
I paid every single penny of my college classes out of MY OWN .
I paid every single payment on my houses.
I paid off every car I bought with a loan.
$50,000 would about square me with all that debt I paid off.