Taxpayers are the most obvious source of funding for a student loan forgiveness program.
This is because most student loans in the United States are owned by the federal government
which means that any forgiveness program would likely be funded by taxpayers.
This has been a major point of contention for those who oppose student loan forgiveness
as they argue that it would be unfair to ask taxpayers to foot the bill for other people’s education.
Borrowers themselves could also be asked to pay for a student loan forgiveness program, through increased taxes or other forms of repayment.
This would be a more targeted approach, as it would only affect those who have taken out student loans in the past.
However, it could also be seen as unfair to those who have already struggled to repay their loans and could discourage future borrowers from taking out loans in the first place.