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Reply to "Financially hobbled for life- elite masters degree that don’t pay off"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Forgiven debt is considered taxable income by the IRS. If these people were suddenly forgiven their student loan debt, they couldn't even afford to pay the taxes for it and [b]they would immediately acquire more debt again, which would just continue accruing. Loan forgiveness is not a panacea, nor will it prevent this from happening in the future[/b].[/quote] exactly! [/quote] Not to mention the fact that if everyone in the year 2021 is forgiven debt, what about graduates in 2022 or 2023? Or 2035? Nope. Personal choice - the American way. You accrue it, you pay it off.[/quote]
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