Forgiveness program (see link)...while there could be fraud involved, that issue is very much germane to this topic...as I've already stated.
At least we agree that there are "runaway" costs for higher education...and, again, I submit that they need to be dealt with...if the "laissez faire" market won't make the appropriate correction to allow citizens to improve their lot in life...i.e. provide more 'productive' workers to the betterment of ALL...then it is right and proper for the only other entity (i.e. U.S. Government) to do the "right thing".
Note: IMO the student loans were, and are, granted to people who become Teachers, Policemen and Military Officers, etc (e.g. the "PSLF" program)., as well as all the other 'productive' careers we need to grow our GDP....so, don't use that ridiculous trope to categorize ALL loan recipients...or even a fraction thereof.
As far as debt is concerned...the Biden admin is, as we speak, reducing the national debt...(you can Google it"...whereas the previous admin raised it significantly...so, if you're genuinely concerned about that issue...turn your gaze...and "Ire" toward the GOP.
I suspect this doesn't resonate with your Libertarian philosophy...but it's the way the majority of Americans think...could also be why the Libertarian Party has never captured the hearts of the American public...and why the Dems keep winning the popular vote in Presidential elections...
btw, you should watch more of the Bill Maher episode with Paul Begala...neither of them would even dream of casting a vote for anyone but a Democrat for quite awhile....but if you'd like some free advice...wake up to reality and join the party that actually "Produces" results which benefit this nation, and ALL of its citizens...while lowering debt at the same time.
One more thing...apropos of 'not much'...am I correct in assuming you are an attorney?...no need to answer...just curious.
Link: https://www.forbes.com/sites/adamminsky/2022/04/20/who-qualifies-for-student-loan-forgiveness-under-bidens-huge-new-expansion-of-income-based-repayment/?sh=142dac6e74f7