Time to Cancel Student Loans?

We agree with this Lansing State Journal article that wonders in written word whether it is a good idea to cancel federal student loans.

What a solution, I thought. Since many student loan borrowers have debt to government-funded programs, it would be easy for lawmakers to forgive the debts owed.

Indeed, it would be easy for the Federal Government to wipe the slate clean. If Bank of America gets $45 Billion at a time, why not students?