Should Joe Biden cancel billions in student loan debt?

Democrats from across the party’s ideological spectrum are calling on President-elect Joe Biden to make forgiving student loan debt one of his first priorities in office.

The total outstanding student loan debt held in the U.S. has more than tripled over the past 15 years as the cost of education has skyrocketed. Americans now owe more than $1.7 trillion in student loans, a figure that was considered a crisis by many experts even before the financial collapse caused by the coronavirus pandemic.

Biden recently said he supports proposed legislation that...