let me be CRYSTAL CLEAR on this. The debt IS NOT canceled. It is merely shifted to another borrower – without their consent.
I have a college degree. I paid my student loan debt. I have two daughters in college. They will pay any student loan debt they may incur.
Incurring debt is a contract. In return for receiving school funding, a promise is made to repay the funds with interest. No different than when you borrow to purchase a vehicle or house. Buy more house or vehicle than you can afford? Suffer the consequences. Spend 4+ years in higher education obtaining a worthless degree – learn to say “would you like to super-size your order” and suffer the consequences.