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by PhantomGremlin
2557 days ago
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Does cancelling actually mean paying it off on behalf of the debtors? A large percentage of student debt is so-called "direct loans". This is money loaned by the US Department of Education. This money comes from the Federal government, not from a bank or other private financial institution. https://en.wikipedia.org/wiki/Student_loans_in_the_United_St... For those loans, "cancelling" presumably means adjusting some ledger entries. |
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