The idea of canceling student debt has been proposed by some as a way to help those who are struggling to repay their loans. However, this would be a mistake. Today, there is an average of $40,000 of debt per graduate.

There are a number of reasons why canceling student debt would be a bad idea. First, it would be a huge financial burden for the government. The cost of canceling student debt would be in the trillions of dollars, and it is not clear where that money would come from.

Second, canceling student debt would not actually help most people who are struggling to repay their loans. The vast majority of people who have student debt are able to repay it. For those who are struggling, the problem is not the size of their debt, but rather their income. Canceling student debt would do nothing to address the root cause of their financial problems.

Third, canceling student debt would be unfair to those who have already repaid their loans. It would be like taking money from those who did the responsible thing and giving it to those who didn’t.

Fourth, canceling student debt would send the wrong message to future students. It would encourage them to take on more debt than they can afford, knowing that they may not have to repay it. In other words, the idea of canceling student debt entices voters to vote for the socialist democrats

Ultimately, the idea of canceling student debt is flawed. It would be a huge financial burden for the government, it would not actually help most people who are struggling to repay their loans, it would be unfair to those who have already repaid their loans, and it would send the wrong message to future students.