Focusing on the benefit to elites is a red herring that conveniently ignores the poor/middle-class, who are in need.

Focusing on universities is a closely related, but separate issue. It does need to be tackled, but that does not change the existing situation of the current victims.

My entire point is that student loan forgiveness shouldn't be discounted out-of-hand simply because it doesn't fix everything or that it benefits some people you don't want to benefit.