Bill for student-loan cancellations comes in -- nearly $3,100 per household

Thank you both for teaching.  I understand how challenging it is to teach in a school with a substantial number of students coming from low income families.  78% of the students in the school where I taught were eligible for the free/reduced lunch program.  I get the impression that some believe that the principle amount of the loan is being forgiven.  That isn't true.  This isn't the first time that the federal government has forgiven loans.  Almost $400 billion has been forgiven for Covid relief PPP loans.   Should those have been forgiven?  https://www.nbcnews.com/business/personal-finance/government-has-forgiven-nearly-400-billion-covid-relief-ppp-loans-n1274618

  Stick to the topic of tax payers having to pay for student loans they did not receive.

That is a STOOOOPID "topic." as rarely, if ever, do people directly receive the benefits from any given taxes they pay. That's not how it works, nor should it be.

The title of this thread is a lie, since there is no "bill" from student loans that already have a book value of $0 being forgiven.

I signed up for an inner-city "disadvantaged schools" program during my senior yesr. The deal was that I would make regular principal and interest payments for five years, and the loan would be forgiven if I had been continuously teaching in a qualifying school all that time. The kicker was that I had to move 1,000 miles away, to a city I didn't particularly like.

Then, when I got there and started teaching, I realized how difficult this job was going to be. There was SO much peripheral crap that had little to do with actual teaching but nonetheless, I had to learn to survive. I came within an inch of quitting several times, but yes, the financial benefit to me from the loan fogivemess was too good to abandon. I finished the program, wrapped up my fifth year, headed home to Oregon, and started teaching there.

Without the loan fogiveness program, I wouldn't have gone there or stayed there. The program has alleviated teacher shortages nationwide, and yes, particularly in poor cities. So did the tax dollars you paid to support this program directly benefit you? Decidedly, YES...but if you're a drooling goober living in Donkey Farts, Texas, you may lack the perspective to see it.

You got some very real experience that probably made your next job back in Oregon very easy compared to what you experienced, so that was  plus, besides getting your loan taken care of.  You and I took advantage of the same opportunity, only I didn't have to move very far in No. Cal. for my job.