The first 100 days of the Biden administration have been marked by extraordinarily costly pieces of legislation, led by the passage of a $1.9 trillion COVID stimulus bill, with another $2 trillion infrastructure proposal currently under congressional consideration. Thus, you can be forgiven if, amidst this spending bash, you happened to overlook another radical proposition from the administration: student loan forgiveness, which, if enacted, would cost an estimated $1 to 1.7 trillion.Student debt statistics are indeed sobering: the average college graduate owes roughly $30,000, and student debt has doubled within the past ten years. Although these numbers are deeply troubling,...