Canceling student loan debt would be ineffective at boosting US economy, study shows

President-elect Joe Biden is facing growing pressure to erase student loan debt on his first day in office as part of a broader coronavirus relief effort – but doing so may be an ineffective way to boost the nation's pandemic-stricken economy, according to a new analysis.
Outstanding student loan debt has doubled over the past decade, nearing a staggering $1.7 trillion. About one in six American adults owes money on federal student loan debt, which is the largest amount of non-mortgage debt in the U.S. It has been cited as a major hindrance in people’s “economic life” by Federal Reserve Chairman Jerome Powell.

I don't agree with this. Just because people made bad life choices isn't a reason to pay off their bad decisions. There are many people who paid for college or didn't go to college. Why should this burden be transferred to them? Or are the people trying to push this through using their own money to pay off these college loans? Fair question