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
The loans were paid with tax dollars at some point, either directly or to the bank they were guaranteed to. When they are “forgiven” , yes the college got paid, and the bank got paid. The debt is transferred to the tax payer. Everything the government does is pays for by the tax payer. Anyone who tells you different is a liar or an idiot. Source: I work for the federal government, and yes you pay my salary, but do do I because for some reason I pay taxes on my salary which is paid by taxes.
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