Frankly, I'm surprised that BO didn't propose forgiveness for "outrageous college loans" ... setting aside the fact that Starbucks Baristas who went $100K in debt for that (fill-in-the-blank) Studies degree, are grownups who knew exactly what they were getting into.
Yes, but he will never go after the universities who peddle these degrees, accumulate huge endowments, raise tuition at rates that eclipse inflation, receive gifts of stock and money that no one pays taxes on, and that retain ‘not-for-profit’ tax-free status.