Debt forgiveness is indeed an extreme, perverse incentive. Capping federal aid seems unthinkable. Asking something of all of those grads (service) on behalf o

Debt forgiveness is indeed an extreme, perverse incentive. Capping federal aid seems unthinkable. Asking something of all of those grads (service) on behalf of forgiving their debt also seems unthinkable. Forgiving college loans is a wealth transfer to the highest earning cohort... I'm not in favor of a debt jubilee.