How does forgiving student debt cost taxpayers money?
In: 9
If you loan me 100 bucks, and are expecting me to pay you back 10 bucks a month, but then I stop paying you back (or your forgive the debt loan), you lose what I didn’t pay you back. Your money went out, and never came back in.
Taxpayers fund the government. Taxpayers loan money to students who then pay it back. If they don’t pay it back, that tax payer money is lost.
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