The Biden administration’s recent Corinthian Colleges loan discharge announcement — which wiped away $5.8 billion in debt for half a million students who were scammed by the defunct for-profit giant — is exactly the type of student loan cancellation the government is supposed to undertake. It is well-targeted, fiscally responsible and legally sound. That stands in stark contrast to another announcement some expect the administration to make this summer — sweeping debt cancellation that would be overly broad, fiscally reckless, legally dubious and hard if not impossible to implement. The White House is reportedly seeking measures that would not require congressional approval to forgive $
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