lriv724@discuss.online to Asklemmy@lemmy.ml · 1 year agoIs canceling student loan debt considered stealing?message-squaremessage-square51fedilinkarrow-up144arrow-down113file-text
arrow-up131arrow-down1message-squareIs canceling student loan debt considered stealing?lriv724@discuss.online to Asklemmy@lemmy.ml · 1 year agomessage-square51fedilinkfile-text
I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.
minus-squaretheonlytruescotsman@sh.itjust.workslinkfedilinkEnglisharrow-up4arrow-down1·1 year agoWhy would it be government debt? Just cancel the loan, don’t pay it on behalf of the borrower.
minus-squareryathal@sh.itjust.workslinkfedilinkarrow-up2arrow-down1·1 year agoThe government guarantees the loan. Student loans are ultimately the government taking out a loan on behalf of a citizen.
Why would it be government debt? Just cancel the loan, don’t pay it on behalf of the borrower.
The government guarantees the loan. Student loans are ultimately the government taking out a loan on behalf of a citizen.