There is no such thing as loan forgiveness. It just means that the person who took out the loan and promised to pay does not have to pay as promised.
Still, the loan doesn’t disappear. Somehow, someone will pay. Someone who didn’t get the benefit will have to pay the price — a senior on Social Security, a single mother with a low-paying job, a disabled veteran — a person who can’t afford to pay will end up paying in the end.
Loans don’t just disappear because a politician makes a vote getting policy which relieves the original borrower from paying their debt.
People should think carefully about that before they vote for “loan forgiveness.”
Joyce Crane, Mechanic Falls
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