2022-08-21 23:21:25
While the federal government is the lender on a student loan, the money the government loans comes from taxes the people pay. The federal government can’t make money out of thin air but requires it to come from the taxpayers. NEEDS_MORE_RATINGS(9-0-2) Author
2022-08-22 00:42:29
“The U.S. Department of Education substantially underestimated the cost of the federal student loan program and will likely lose $197 billion on student loans issued over the past 25 years.” [Link] NEEDS_MORE_RATINGS(6-0-0) Author
2022-08-22 13:16:29
I don’t even know where to begin on linking a source to refute this. This is not how accounting, finance, or reality works. If the government forgives debt on its books, they are releasing debt that is more or less owed to the taxpayer. Taxpayers are on the hook for lost revenue. NEEDS_MORE_RATINGS(5-0-0) Author