The ethics of canceling student debt is more about fairness than broken promises | Opinion

to some as a giveaway for those who are already on their way to becoming well-off.

Canceling debt also seems to violate the moral principle of following through on one’s promises. Borrowers have a moral duty to fulfill their loan agreements, the philosopherargued, because reneging on promises is disrespectful to oneself and others. Once people have promised to do something, he noted, others rely upon that promise and expect them to follow through.

In the case of federal student loans, a borrower signs a promissory note agreeing to pay back the government and, ultimately, the taxpayers. And so student borrowers seem to have a moral duty to pay their debts unless mitigating circumstances like injury or illness arise.Fairness and respect, however, also demand that society address the magnitude of student debt today, and especially the burden it imposes on low-income, first-generation and Black borrowers.

If that's the case then universities should be refunding from their huge endowments,not dumped on the hard working taxpayer.

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The ethics of canceling student debt is more about fairness than broken promises | OpinionIn the case of federal student loans, a borrower signs a promissory note agreeing to pay back the government and, ultimately, the taxpayers. So student borrowers seem to have a moral duty to pay their debts unless mitigating circumstances like injury or illness arise. If that's the case then universities should be refunding from their huge endowments,not dumped on the hard working taxpayer.
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