The ethics of canceling student debt is more about fairness than broken promises
President Joe Biden’s plan to forgive U.S. $10,000 to $20,000 of student debt for up to 40 million eligible borrowers was recently put on hold when a federal appeals court temporarily paused the program.
Six states had asked the court to block implementation of loan forgiveness until their lawsuits against the program were resolved. The states allege that they would be financially harmed if borrowers receive loan forgiveness.
As an ethicist who studies the morality of debt, Iowa State University associate professor of philosophy Kate Padgett Walsh’s work explores the question at the heart of opposition to student loan forgiveness: Is student debt cancellation unfair?
Read Padgett Walsh’s full article in The Conversation here.