Excellent argument, but 1-Who will pay for it? 2-It will add more to existing inflation 3-Seniors (fixed income) would suffer from a significant property tax hike ➡️ forced to sell the house ➡️ eventually they become homeless I suggest canceling interest payments on these loans

But either way financial institutions come out on top because the loans need to be paid back and they will rake in the dough plus interest.

enslavement of the young from an early age was the main reason dear ..... 👽

Agree, with your point that should never have had student debt scam, but the main reason to discharge student debt is because it is in the interests of the United States to do so moving this country forward.

Agreed. It would also appear as common sense, for any country that wishes for its populace/society to advance, innovate, and be seriously competitive on the global stage, to cover all costs for education across the board.

Excuse US- TENS OF MILLIONS OF US PAID OFF "OUR OWN" AND "OUR CHILDRENS" SCHOOL LOANS........BECAUSE WE WERE THE ONES WHO TOOK OUT THE LOANS!!!!!!!!!!

Government created the college debt train wreck by guaranteeing personal loans which no bank would normally make, enabling universities to raise their tuitions beyond middle class affordability.

Ronald Reagan got rid of most "Student Grants" and replaced them with "Student Loans" ... because he was afraid of a Well Educated Society!

So you cancel the debt? Essentially rewarding the financial institutions for creating the predatory loans. When do financial institutions pay for these “mistakes” themselves? Instead, they stick their hand out and say “bailout please?” And taxpayers are left with the bill.