That will backfire when enough people have made the wrong choice that the decide to vote someone in office who promises to wipe out the debt.

Problem is many, if not most, incoming students are unable to understand the financial ramifications of student loans. This does not bode well for their futures, especially in technical fields.

David Letterman once joked that "The lotto is a tax you pay for not paying attention in math class." One might say the same about college student loans.