The morality of canceling student debt

Students pulling a heavy ball representing the total outstanding student debt in the U.S. at over $1.5 trillion.PAUL J. RICHARDS/AFP via Getty ImagesPresident-elect Joe Biden promised to forgive at least some student debt during his campaign, and he now supports immediately canceling US$10,000 per borrower as part of COVID-19 relief measures.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…

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HEDGE accordingly