I’m really not trying to start a debate, I just want to understand why there is a dilemma, and how exactly it would work if passed.
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Student Loans can be eliminated in two fashions:
1. All the borrowers pay back all their loans
2. Someone else pays back these loans on behalf of the those borrowers.
The second bullet is the controversial one. It would require the federal government assume all of the outstanding debt which would then become part of the overall nation debt which taxpayers are responsible for and which is why some are pushing back against the current plan.
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