Why Can't Student Loans Be Cancelled?

The video discusses the growing issue of student loan debt in the U.S., highlighting its rapid increase compared to the nation's economy. It covers the impact of the COVID-19 pandemic on loan repayments and the political debate surrounding loan forgiveness. Proponents argue that canceling student loans could stimulate the economy and reduce inequality, while opponents raise concerns about fairness and economic implications. The video also touches on the legal challenges of implementing loan forgiveness and the potential costs involved.

What is the argument made by opponents of student loan forgiveness regarding the impact on Americans without student loans?

What is the estimated cost of the plan to cancel up to $10,000 of student loans for borrowers?