As the recipient of subsidized loans, I was already fixed at an interest rate lower than inflation. So I have already been costing taxpayers money every year my

As the recipient of subsidized loans, I was already fixed at an interest rate lower than inflation. So I have already been costing taxpayers money every year my debt has been on the books. The current White House announcement only applies to federally held debt. Private lenders are not included. Forgiveness for federal debt-holders involves forgoing future revenue. A hypothetical forgiveness for private debt-holders would likely involve just paying the companies some sort of discounted rate.