Is canceling student loan debt considered stealing?

I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.

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One party's debt is another party's asset.

So yes, cancelling a debt looks the same as stealing cash in the issuing party's bookkeeping.
- So I guess all of those unsupervised PPP loans that were forgiven were a nice feather in the Democratic hat, then, huh?

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