For today's discussion, we're going to consider Biden's plan to cancel some student loans. Right now, his plan is on pause and the Supreme Court just heard oral arguments last week. Don't worry about the legal challenges yet. For now, just consider exactly how the loans will be forgiven and who will be affected. Please start by reviewing the fact sheet: 2. Who, if anyone, bears the costs of cancelling these loans? Try to go beyond the obvious and consider the unobvious effects of cancellation. 3. Now consider Nozick's Entitlement Theory. According to this theory, would cancelling student loans be just? Does cancelling student loans.