QE helps with student debt?? It distorts the market supply of credit and makes it more affordable to get more, yes, but that also means things priced primarily through credit can become wildly distorted (housing? Tuition?)

As a direct result of distorted credit, tuitions are no longer tied to the value students will get back from having earned a degree, but tied to what most people can effectively borrow. Combine the effect of qe on the credit supply/price to denying students the ability to default and it gets darker. Think of that for a second, banks no longer have a market interest in ensuring there is value in the degrees, they have a loan that's not tied to a business entity or an investment, but to a kids life itself. If they don't want to collect? Sell the debt on to a less scrupulous collector.

The end result is playing itself out in front of us. You get tuitions that can keep rising as the price of credit remains distortedly low, and a generation of kids locked to debt to an investment that is losing its value or ROI (higher education is objectively not paying back what it once was). Not to mention housing follows this problem of credit mispricing as well, so if they're lucky enough to be covering their distortedly high tuition debt, they get smacked in the face with distortedly high housing prices, no ability to default, and in a jobs landscape that is changing faster than we've ever seen.

Making sure everyone could get student loans was a good intention. The practical implications of QE and the default prevention is going to continue to have a disastrous effect for every year this continues.