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A comment on Why I’m Giving $1.8B for College Financial Aid. Parent comment

Re:Why I’m Giving $1.8B for College Financial Aid by JoeAltmaier on Monday November 19, 2018 @06:57PM (#18490794)
Except 'Not collecting money' and 'spending money' are not quite the same thing. Almost, but not quite.
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Re:Why I’m Giving $1.8B for College Financial Aid by Retric on Monday November 19, 2018 @09:26PM (#18491420)
IRS considers debt forgiveness income. https://www.irs.gov/taxtopics/tc431.

So, legally they are the same thing.

PS: Though with various caviots as the law is never that simple.

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