Is student loan forgiveness a good idea?

Student loan: A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. Why forgive : Those in favor of forgiving student debt argue that it would free up younger generations to invest in their financial future, provide a moderate boost to the economy, and help address racial and socioeconomic inequality. Why not forgive: Opponents contend that the cost of such forgiveness would be much higher than the benefit to the economy, would disproportionately benefit higher-income Americans, and would only offer a temporary reprieve before total outstanding student debt rose again.