Ryan Liebenthal

Something like a third or more of the student loan portfolio is not really anticipated to be paid back ever.

So when we talk about forgiving debt, in some ways it's forgiving debt that is never going to be repaid. So, you know, if you don't forgive it or you don't cancel it, which is the term I prefer, right? you're just going to spend a lot of money trying to collect it and drive someone into penury.

You know, just going to push them all the way down, garnish their wages, their social security for effectively the rest of their life.

So it kind of becomes a question of what are the priorities of this program? You know, what are you actually trying to do with it? Are you trying to make money for the government? Are you trying to help people get a college education? Because those become potentially at odds.

Project 2025 wants to eliminate all forgiveness programs, including those enacted by Congress like PSLF, the Public Service Loan Forgiveness Program. They're obviously not in support of the Biden-era forgiveness efforts. They're not in support of helping people who have been defrauded by for-profit colleges who are eligible for loan cancellation.