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Is canceling student loan debt considered stealing? (self.asklemmy)

submitted 3 weeks ago by lriv724 to c/asklemmy@lemmy.ml

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

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[–] Zak@lemmy.world 13 points 3 weeks 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.