Are frugal students going to get reimbursed as a part of student loan forgiveness?

Unfortunately, your question is off topic for this stack.

The issue itself is problematic for the very reasons you state. And many that you don't. First - How to separate the needy from those who aren't? Does the student from the wealthy family who just graduated business school with loans but with a $100K/yr job get the same debt cancellation? I feel similar to you, only I am the parent. I (We) made a choice. Instead of putting the funds into our retirement acct or paying off the mortgage, we set money aside to pay our daughter's education in full. Graduating this spring.

In discussion forums I proposed a more reasoned approach - payment required are based on income of the graduate. Say, 10% of the income over $50,000. (this is just an example, a starting point). A graduate with lower income isn't burdened by that month's payment, nor does interest accrue. That month is credited/ written off. The low wage worker avoids the feeling of crushing debt, the high wage earner has a reasonable payment, $5K/year if he makes $100K/yr. The term is 20 years, both to spread the 'forgiveness' part out over time, but also to allow people to see their wages rise and participate in a fair payback if/when that occurs.

There is a huge elephant in the room as far as college education goes. We have an imbalance in the jobs available for them. Last I checked government data, nearly 2/3 of jobs forecasting growth in the next decade do not require a degree. Healthcare aides (those who work in a nursing home or memory care facility to take care of us when we get old) in general do not require a full college degree. Not are they paid a decent wage. This issue can't be separated from the fight for a $15 minimum wage. i.e. If we, as a society, declare we wish to get to a 50% college educated population, we need to compensate workers in the highest 50% of jobs to make that degree valuable.

Last - money isn't unlimited. My budget reflects my priorities. My daughter's education, the charities I support, etc. The national budget isn't unlimited either. (Clearly, my opinion that) We should prioritize how we spend. Healthcare - are people still dying from lack of insulin? This is the cheapest dollars/life saved thing to do. Hunger - should we not put this ahead of cancelling debt wholesale? Poverty. All of these issues have been with us for far too long, and should be prioritized. The debt cancellation feels like a distraction to me, with far more pressing issue to address.