@LostShakerOfSalt @lonestarr A loan forgiven is paid off by the Federal government. The government can:
1. Print off the money to pay for it & we pay for it in raging inflation.
2. Pay for it in higher taxes. They never pick this option.
3. Borrow Money & add it onto the Federal Debt.

We pay for forgiven debt one way or the other. This is why it's critical that a person who can't repay a loan. Not take the loan.