Leftwing point of view:
Its a wealth transfer to younger people. Im fully aware that middle aged people have college debt.
Conversely wealth inequality by age is fairly extreme.
So I remain extremely in favor of student debt cancellation. Note I have never taken on any student debt so I obviously dont have any.
Lumina is incredibly cheap right now. I pre-ordered for 250usd. Even genuinely quite poor people I know don’t find the price off-putting (poor in the sense of absolutely poor for the country they live in). I have never met a single person who decided not to try Lumina because the price was high. If they pass its always because they think its risky.