Honestly, this doesn't read like a stimulus plan for the economy, but more like a plan to specifically help a demographic that's well-represented on Hacker News.
Mortgages are closely linked to a lot of ongoing economic activity, and homes and home-related activities make up a large part of the economy. I don't think student loans have the same place.
The average student loan debt is about ~29k [1], which is about as much as a good car. Someone with a good job should be able to handle that kind of debt without help.
If the Fed is going to do stimulus, it should focus on stimulus that gets those indebted college grads and people without student debt better jobs, rather than getting those grads a little more spending money in their current crappy jobs.
Mortgages are closely linked to a lot of ongoing economic activity, and homes and home-related activities make up a large part of the economy. I don't think student loans have the same place.
The average student loan debt is about ~29k [1], which is about as much as a good car. Someone with a good job should be able to handle that kind of debt without help.
If the Fed is going to do stimulus, it should focus on stimulus that gets those indebted college grads and people without student debt better jobs, rather than getting those grads a little more spending money in their current crappy jobs.
[1] http://ticas.org/posd/map-state-data-2015