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

The loan forgiveness would only apply to government backed loans. Essentially all that would need to happen is that the government would set the balance remaining to zero. No money would change hands.

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