Is tax money used? Is anyone profiting from the program? Do colleges lose money? Please don’t make this political. I’d genuinely like to understand without all the talking point bullshit.
In: Economics
Most of the student loan forgiveness is for the interest on the loans, not the principle. So if you’ve got 20k in accrued interest on your loan, that goes away. And the interest wasn’t money that the government gave anyone, it’s money they were charging on top of the loan amount.
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