Comments on: Can President Trump Claw Back Student Loan Forgiveness? https://thecollegeinvestor.com/48727/can-president-claw-back-student-loan-forgiveness/ Navigating Money And Education Sun, 24 Nov 2024 20:31:24 +0000 hourly 1 By: Robert Farrington https://thecollegeinvestor.com/48727/can-president-claw-back-student-loan-forgiveness/#comment-481677 Sun, 24 Nov 2024 20:31:24 +0000 https://thecollegeinvestor.com/?p=48727#comment-481677 In reply to Terry.

There are no “loan companies”. The Federal government is the lender. They get the money to lend to you through government-issued bonds, and then pass that money out in the form of loans.

If the government forgives the loans, they still have to pay back the debt – whether through tax dollars or other revenue sources.

]]> By: Terry https://thecollegeinvestor.com/48727/can-president-claw-back-student-loan-forgiveness/#comment-481676 Sun, 24 Nov 2024 15:17:19 +0000 https://thecollegeinvestor.com/?p=48727#comment-481676 When the Federal Government forgives a loan, does the FG give the loan company the money? So if the forgiveness were indeed clawed back, would the loan company have to give the FG their money back? I would think Trump would have no trouble clawing back a benefit (convention be damned), but would hesitate to cause problems for the financial sector.

]]> By: Victor https://thecollegeinvestor.com/48727/can-president-claw-back-student-loan-forgiveness/#comment-481663 Wed, 20 Nov 2024 20:14:22 +0000 https://thecollegeinvestor.com/?p=48727#comment-481663 Great to hear and well said, Mark! Thank you for clarifying the current status of student loan forgiveness. I believe there is still hope for the many millions of Americans:) Best read

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