Student loans

At the peak of the mortgage crisis of 2008 about 12 million homes were under water and the average home was worth $210,000 and they owed $270,000 so it would have taken $60,000 to save the home and the cost would have been $720 billion dollars. The government choose to save the banks from bad loans rather than save the homeowners from losing their homes. The government passed the $700 billion dollar Troubled Asset Relief Program (TARP) to purchase failing bank assets. The question came up at the time as to why they just didn't send enough money to each home owner to bring the home equity up to the price of the home. The answer given was that it would be far too cumbersome and much simple just to send money to a 1,000 banks instead of 12 million homeowners. Some in congress today are proposing cancellation of student loans. There are 43 million students with an average loan of $40,000 for a total of $1.6 trillion dollars. If it was too difficult to pay off 12 million homeowners will it be too difficult to pay off 43 million student loans or will this question even be raised.