Canceling student debt seems to be a political mindfield.
This NY Times article from the weekend has a lot of solid points.
https://www.nytimes.com/2022/05/14/o...bt-cancel.html
Widespread forgiveness just to help out people at one point in time seems to not really fix anything.
Quote:
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Canceling this debt, even in the limited amounts that the White House is considering, would set a bad precedent and do nothing to change the fact that future students will graduate with yet more debt — along with the blind hope of another, future amnesty. Such a move is legally dubious, economically unsound, politically fraught and educationally problematic.
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