Quote:
Originally Posted by Vermilion Villager
You kind of do not understand the student loan debt issue. First, the government isn't paying off anything. If a student took out $100,000 in loans that student has paid that $100,000 back.... it's the extra interest is occurred after 10 years of payment on a federal loan that the federal government is forgiving. Again it does not cost in the US government one penny.
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You kind of don't understand payment by the Government of the interest. It is not going to be written off. Too many places will go out of business, this Government will pay the interest. It will cost the taxpayers trillions of dollars to fix the issue. Same thing happened with mortgage industry. Government is not a good business person.