But you don't mean racial minorities. You mean disadvantaged racial minorities. The ironic part of the whole affirmative action debate is that the party most damaged by it aren't whites, but rather Asian Americans, who are also a racial minority.
So why just school loans? Why not mortgages? Why not car loans? Those also provide economic advantages for their recepients. And if I (the taxpayer) am expected to pay for your school loan, do I get a say in how you spend it? Can I force you to study STEM (something we need more of), rather than "Aggrieved minority relations of the 17th century"? I mean, I am footing the bill, right? And what are the performance obligation? When I paid for my daughter's time at OSU and North Texas, I expected her to have all As and Bs. She knew it. Why am I paying off debt for someone who went to a school to study basket-weaving then flunked out after two years of frat parties and drug use?