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This forgiveness is for people who have been paying on their loans for 10 years. I don't think there are many people who:
AND
Why? Interest is a bitch. If there are people who meet those three conditions, there probably aren't many of them.
Honestly, the more I hear about the student loan crisis, the more I'm convinced that, if you're going to go with the line that outright forgiveness is politically toxic, they should just set the interest rate to 0%. A lot of people are basically just stuck paying interest without even hitting the principal, and that's the real problem.
This fixes a few issues:
Obviously the best solution is free education and universal loan forgiveness, but Democrats aren't willing to do that.