I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.

  • Zak@lemmy.world
    link
    fedilink
    arrow-up
    13
    ·
    7 days ago

    Not any more than any other subsidy is.

    Actually nullifying a debt a borrower owes to a lender, which the government guaranteed would be paid at the time the loan was issued would be akin to theft. As far as I know, all programs that “cancel” student loan debt are actually the government paying the balance to the issuer.