How Does Loan Forgiveness Actually Work? (No politics)

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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

14 Answers

Anonymous 0 Comments

If you lend money to your friend and he doesnt pay you back, you can get the bat or you can forgive and forget. That’s the forgiving. It means you dont go after him about it and you never bring it up ever again.

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