Forgiving College Debt

[EnolaStraight]

Biden Has proposed a forgiveness of school debt (amounts and student eligibility may vary).

1. If the borrowers now don’t have to pay back the lenders…whomever they may be…are the lenders out of luck?

2. Will we the taxpayers pay off the loans?

I don’t recall agreeing to be a co-signer for a loan to anybody.

Things of value come at a cost. When the bill comes due, who pays the price?

[What_Exit]

There is already a thread on this and there really isn’t a Debate framed in this OP.

I’ll try and find the other thread and link it here.

Thousands of dollars in student debt cancelled. Good news, right?

I currently have zero debt at all. Not one penny of credit card, card payments, or even a mortgage. Furthermore, I’ve never had one cent of student loan debt. I fully support cancelling this debt for people to give essentially a tax break to the regular people instead of just to the super wealthy. I feel like very few people question how we’ll pay for corporate or mega-wealthy tax cuts and I am glad this one is going to people who need it.