Yes, the price of college needs to be fixed somehow, I agree....but I think of loan forgiveness as the government subsidizing the cost of college at the back end, instead of up front. In addition to schools increasing costs because they can, governments also subsidize school less than they did up front......
If I ran the world, we'd forgive some level of debt, with the following rule......any school that raises tuition or other costs for the next 10 years makes their students ineligible for future student loan forgiveness (by law, so that the law would need to be changed for this to change). That's off the top of my head, I'm sure there are better ways to control costs, I just don't know what they are at this point.....without price fixing of a non-voluntary nature.