Having a federal loan forgiveness program hurts the economy worse -- you have higher taxes, which means less money for people to spend anyway. It's a matter of 1) trying to find extra money to pay off your student loans faster (let's say your primary job covers your bills and spending money while a smaller second job or some scholarships help pay off some loans), and 2) educating the next generation as to what exactly is entailed when raising funds for colleges.
