It would do more good in K12 or pre-K than it would paying off private debts held by white collar highly educated not rich yet due only to their young age university-bros.
It truly is astonishing. We have kids who cannot afford school lunches, people working multiple blue-collar jobs and yet the problems of people who are statistically better off than average constantly jump to the front. People complain about Effective Altruism because of one dude messing up big but it would behoove everyone to read up on the basic philosophy of it before suggesting how we best spent billions to help reduce suffering.
People complain about effective altruism because they just talk about mosquito nets instead of anything like this.
Also, who is the person that "screwed up big"? I'm guessing you mean SBF but my view is that MacAskill is an outright shuckster.
The problem with EA is in judging what is effective. Perhaps ridding the unforgivable student loans of parents actually helps the kids more than school lunches.
And frankly, some of the most effective altruism may be just to directly give cash to people, yet I don't know how many people in the EA community would trust people so much with unconditional cash.
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I'd say many of these university bros are actually parents to K12 and Pre-K and having parents not terribly in debt could help them focus more on being there for their kids and encouraging education.