Editor’s Note: Perhaps colleges and universities established as non-profits for the benefit of society should pay off a share of the student debt with a share of their massive endowment funds worth billions and billions of dollars (instead of passing on the burden of debt cancellation for colleges and universities to the American taxpayers). Great socialist idea, but bad for the overall economy.

Student loan debt has increased exponentially in the past few decades. So now, some Democratic presidential candidates propose canceling those debts — all $1.6 trillion of it. But is this a good idea? Who exactly does it benefit? Watch this video…

Source: MSN & Vox