Whether college student loan debt should be eliminated via forgiveness or bankruptcy is widely debated. Some argue forgiveness would boost the economy, help rectify racial inequity, and foster a healthier citizenry, while denying student loan debtors the benefits of bankruptcy--benefits that other debtors have access to--is unfair. Others argue that people must be held responsible for their personal economic choices, that forgiveness would disproportionately help more financially secure college graduates and would only be a temporary bandage for the much larger problem of inflated college costs, while bankruptcy would allow borrowers to abuse the loan system and encourage colleges to increase tuition. For more on the student loan debt debate, visit ProCon.org.
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