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Is canceling student loan debt considered stealing?
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this post was submitted on 06 Dec 2024
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Asklemmy
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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.