Such proposals are likely to be quite popular. A poll from 2019 found that 58% of voters support canceling all federal student debt.
But there are those who question the idea of debt forgiveness and call it unfair to those who never took out student debt or already paid it off.
As an ethicist who studies the morality of debt, I see merit in the question: Should student debt be canceled?
This article was originally published on The Conversation. Read the original article, by Kate Padgett Walsh, Associate Professor of Philosophy, Iowa State University, here.
The Moral Case Against Canceling
The Moral Case for Canceling
defaultrepay only 5%graduation ratesengage20% less than white men10% less than students whose parents graduated20% of student borrowersphysicalmentalfamilieshomesbusinessesdisproportionatelyDeep knowledge, daily.Sign up for The Conversation’s newsletter