[willyg123]

> If I declare a banana to cost $1,000,000 but you can get it for the low price of $1 with a loan of $999,999 today and that loan gets canceled, does that mean someone else has to pay me the remaining sum?

In this case you are the merchant (university) and the lender, which is not the case with student debt.

Before you make the case that a student can get a gov't backed loan and attend a state university, the other $999,999 has already been disbursed to banana suppliers, equipment, leases, ect. So yes, someone else would have to pay the remaining sum.

Try again.