With the current prices, these 10k don't mean shit realistically. The issue is bigger than some 10k student debt, this is the least he can do to cover up his mess. Nothing the government does is "good", they follow strategical decisions which may or may not benefit a group temporarily. If the majority of my voters are students, I give them some treats so they can push me next campaign.
The bigger picture is what dictates the efficacy of a decision.