[washbrain]

Right, they change the who from "former student" to "no one".

[suggestion]

No, if the federal government "forgives" student debt, neither spending nor budget receipts will decrease to compensate.

If any other institution ventured to forgive such massive amounts owed, they would be forced to compensate with their budgets, but they don't have monopolies on violence.

[chii]

Do they? Or are they (the gov't) just paying the loan using taxpayer money?

[suggestion]

Hence the changing who's paying for it. Spending and revenue will be unaffected, which is the problem.