But these are token measures right now. I have a colleague who has roughly 100,000 in loans. If you think this is unreasonable, keep in mind that in many states you need a master's degree to keep teaching. There is a 10-year forgiveness program, where if you pay off your loans at an income-adjusted rate for 10 years, the rest of your loan is forgiven. But, you pay income tax on the amount that is forgiven. So we have people paying appropriate income-based amounts, which don't cover interest. Then you get a taxed on a "windfall" of 100,000+. So now you have a 20-40,000 IRS bill, which doesn't qualify for any forgiveness programs. One arm of the government giveth, another arm taketh.
So I think the answer does lie in scaling college costs according to expected incomes, with appropriate measures in place to guard against gaming that system. It seems to come down to a question of whether we, as a society, actually value these service-oriented fields. Many of our elected politicians don't appear to, because they can afford to pay privately for these services (education, counseling, health care, etc.).