While debating this is fun I just want to be crystal clear for the starry-eyed pre-pharms and explain our system of government so they don't think all of their impending student loans will be forgiven.
For basics please watch "I'm just a bill on Capitol Hill"
This bill was introduced by a Democrat in the House. The House is run by Republicans. First the bill must get out of committee. All committees are chaired and majority Republican. It will die here. But if it didn't, it would then die on the floor by majority vote. Even if it passed (it never could) it would be fillibustered in the Senate because there isn't 60 votes for cloture for an unfunded mandate such as this, especially for a population that doesn't vote (ie: 18-29 yo).
Just realize this pups. I will make it crystal clear.
COME HELL OR HIGH WATER, FORGIVENESS THIS AND THAT, PROMISES THAT WILL NEVER HAPPEN, LOAN FORGIVENESS THAT WILL DIE IN COMMITTEE OR BE CANCELLED. YOU WILL PAY THESE STUDENT LOANS. EVERY CENT OF EVERY DOLLAR. EVERY LAST PENNY. EVERY DOLLAR IN TUITION. THEY WILL GARNISH YOUR WAGES, TAKE YOUR TAX RETURN AND GARNISH ANY SOCIAL SECURITY. THERE WILL NEVER BE ANY ESCAPE UNTIL YOU PAY EVERY LAST PENNY AND YOU HAVE THE SATISFACTION OF LOAN STATEMENT IN YOUR HAND.