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On a personal level, I don't like the student loan relief plan because it sounds to me like those people just got a free out of jail card. I would have preferred to see more personal responsibilities as far as personal finances are concerned -- if you went into a post secondary program that could not allow you to get into a job to cover your post secondary expenses, then that means you made a poor decision to get into that program in the first place, and you should be held responsible for that financially, instead of having taxpayers bail you out.
On the other hand, I can see the macroeconomic argument to support the student loan relief program -- the theory goes that because lots of post secondary-educated people are heavily burdened by tuition and post secondary education debts, it is dramatically affecting their economic contributions to society, and thereby hurting the overall economy in general.
With this sort of social policy, it is difficult to pinpoint where the optimal point lies. In fact, unless things are really skewed off to one side, it is difficult to even just see whether society is on the correct side of the policy.
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