There are multiple kinds of student loans in the US, but for the most common kind, the "bank" is just the US Treasury (via the Dept of Education). Any forgivene

There are multiple kinds of student loans in the US, but for the most common kind, the "bank" is just the US Treasury (via the Dept of Education). Any forgiveness of loans still would arguably be paid off by the taxpayer, but I think you're imagining loan forgiveness being more complex than it actually is.