Should your student loans really be canceled? Not everyone thinks so
If you read the latest student loan headlines, it seems all your student loans may be cancelled.Bernie Sanders: Cancel All Student Loan Debtthat all $1.6 trillion of student loan debt should be cancelled for the nation's more than 44 million borrowers. There is no criteria to receive student loan forgiveness. Everyone's student loan debt - including both federal student loans and privates student loans - gets cancelled.your student loan debt.
If you borrow debt, you should repay that debt. Opponents argue that mortgage holders or credit card holders don't get their debt forgiven. If taxpayers bail out student loan borrowers, these borrowers still have an economic benefit - namely a college degree - which can help them earn higher income. However, critics say someone else besides the borrower has effectively funded that economic benefit for free, or nearly for free, which generally seems unfair.
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