Birdwatch Note Rating
2024-05-04 11:28:18 UTC - HELPFUL
Rated by Participant: 7F9C2566C2B41B67856A268C5CEEA732CD351F9398512BAFB2EA236ED1BF3DCC
Participant Details
Original Note:
Federal funded student loans are taken out against the national debt. New loans increase the national debt by the difference by: new loans - loan repayments The admin has cancelled borrower liability, dispersing liability across the tax base. The loans still exist. https://www.usnews.com/education/blogs/student-loan-ranger/articles/where-do-federal-student-loans-come-from#:~:text=All%2520federal%2520student%2520aid%2520programs%2520%E2%80%93%2520which%2520include%2520student%2520loans%252C%2520Pell,dollars%2520paid%2520by%2520U.S.%2520citizens. https://www.pgpf.org/blog/2022/06/how-do-federal-student-loans-affect-the-national-debt#:~:text=Because%20the%20amount%20of%20funding,adds%20to%20the%20national%20debt.
All Note Details