#190 - Should We Forgive Student Debt?

Open to Debate

Education, Society & Culture, News, Government, Politics

4.5 • 2.1K Ratings

🗓️ 26 March 2021

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the year since the pandemic forced us to cancel, the federal student loan debt has grown $100 billion. The stakes have risen for student borrowers, making it high time we rescheduled our debate on the motion: Forgive Student Loans. Facing growing discontent over the rising cost of higher education, many prominent Democrats – and some Republicans – are calling on Washington to cancel the approximately $1.7 trillion Americans currently owe in student loan debt. Supporters see debt forgiveness as a necessary step to safeguarding the nation’s financial future and combating inequality in the education system. But others argue that this blanket policy would balloon the federal deficit, reward irresponsible borrowers, and waste taxpayer money on those who are not actually in need. Is it time for a student loan bailout? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	I've entered the Rick and Morty multiverse so many times at all for
0:04.4	that I don't know whether I'm Rick, Morty.
0:07.3	All myself.
0:08.5	Am I Rick?
0:09.6	Am I Morty?
0:10.7	Am I me?
0:11.9	Am I Rick?
0:12.9	Am I Morty?
0:14.0	Am I me?
0:15.2	I don't know.
0:16.4	Watch now on all four.
0:18.0	The UK's biggest free-streaming service.
0:20.4	Watch and rewatch.
0:21.5	Watch and rewatch.
0:22.3	Watch and rewatch.
0:22.9	Go for me.
0:23.6	Compare Channel 4.com slash verify.
0:26.1	Paying for college, it's a hurdle, especially if you have to borrow.
0:32.8	45 million Americans owe an average of $37,000 each in student loans.
0:38.2	That's enough to pay a year's salary for roughly 27 million teachers.
0:43.3	So it's no wonder that many former students struggle to make their monthly loan payments.
0:47.6	And one reason that some politicians are now pressing to have those loans forgiven.
	...

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