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
Lots of good answers. Something to add. Outside of forgiveness for many of the for profit failing schools, a good number of the current forgiveness programs are for people who have been paying for a long time. To the point where much if not all of the initial capital has been recovered, then some. Personal example, i took out $120,000 in total from undergrad through PhD. Over the course of the 20 years i have been paying it, i have paid 150,000. I still owe 100,000. I have been a faculty member at a public university for 8 years now. I will continue paying 800 a month for the next 2 years, then the government will forgive the 95,000 i still owe
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