The loan forgiveness stems from a law that allows borrowers with federal student loans to ask that their debts be erased if their schools did anything deceptive or illegal — or abruptly went out of business. These schools that were targeted for loan forgiveness were deceptive, broke the law, and took advantage of students, leaving them with huge debts totalling $$billions. I agree that if a student takes out a loan at a legitimate school or bank, they should pay it back. The institutions named in the recent loan forgiveness were not legitimate. They were predatory lenders, and by law, the loans were forgiven since the lenders criminally mis-represented themselves. People on this forum seem to be getting into a dither about something that did not happen. Those with legitimate loans are still liable for them. Those who had loans from illegitimate/criminal institutions, had theirs forgiven. Geesh.
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