 Federal student loan debt had $1.6 trillion last year. This is a major problem for people in their 20s and 30s. But the federal government simply wiping their debt clean is just about the stupidest way to address it. When Bernie Sanders was running for president, he promised that he would forgive student loan debt all together, which would mean printing more than a trillion dollars, thus driving up inflation and bringing the federal government even closer to insolvency. President Biden has said that he wants to forgive $10,000 per borrower, but in the meantime, he has been using his executive authority to whittle away at the debt load, including a recent $85 billion expansion of loan forgiveness programs.