The first reason is that it places an additional tax burden on working-class Americans that don’t have college degrees. At its core, a student debt relief program for college-educated individuals is elitist. It expects those who never pursued higher education to pay for the college degrees of those who have greater access to high paying jobs.  

DeSantis touched on this point when stating the following:  

It’s very unfair to have a truck driver have to pay back a loan for somebody who got a PhD in gender studies.

In addition to making the working class pay for the educational investment of the intellectual “elite,” Biden’s student debt forgiveness program incentivizes bad financial decisions. College students that worked throughout their education to pay off their debt feel like suckers. In the future, the next generation of Americans will wait to pay off their loans until the government does so for them.  

The other primary reason Biden’s student debt forgiveness program is so disastrous is that it does nothing to address the universities’ root problem. It is certainly true that the price of a college education has skyrocketed in recent years.

This price increase has not come with a proportional increase in the quality of education. Rather, it has only resulted in more useless bureaucrats on university payrolls and students leaving these institutions brainwashed by leftist ideology.