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The Daily Show: Ears Edition

America's Student Debt Crisis

The Daily Show: Ears Edition

Comedy Central

News, Daily News, Comedy

4.214.2K Ratings

🗓️ 1 September 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

The number of Americans with student debt is higher now than ever before. Trevor examines how student debt got so out of control in the U.S. and its potential effects lasting to the grave for many older borrowers. And Roy Wood Jr. examines breaks down the pros and cons of college. See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey everyone, it's Devon Simone and I'm Tori Diel and we've got some very exciting news for

0:05.6

our fellow challenge fans. The challenge USA is back for a second season featuring fan favorite

0:11.9

contestants from your favorite CBS shows. Yes, so join us on MTV's official challenge podcast

0:17.3

as we watch CBS reality Titans compete against challenge legends for the title of America's best.

0:23.8

Listen to MTV's official challenge podcast on the iHeart Radio app, Apple podcasts,

0:28.5

or wherever you get your podcasts. You're listening to Comedy Central.

0:39.2

Let's talk about student debt. It's as American as milk that isn't milk.

0:45.1

Millions of Americans are college graduates, which is great. College provides you job skills.

0:50.2

It exposes you to new ideas. It gives you a friend named Chad who's like a brother,

0:54.9

even though he spilled bon water all inside your car. I love you Chad, but you're a dick.

1:00.8

But because America doesn't properly subsidize higher education like almost every other

1:04.9

development in the world, the number of Americans with student debt is higher now than ever before.

1:10.8

And student debt is a lot like an STD. Yes, you can get it by accident in college,

1:16.9

but then it follows you around for the rest of your life. And when I say the rest of your life,

1:21.4

I mean it. There is a ticking time on the looming over the American economy, nearly two

1:27.7

trillion dollars in student loans owed by 50 million borrowers. And this is not just a problem for

1:34.3

younger Americans. Those over 50 years old have the fastest growing student loan debt burden

1:40.0

of any age group. 40% of Americans 65 and older are in default and Washington will collect

1:47.4

by garnishing the social security of seniors in default. We met Seraphina Galante on the

1:53.9

campus of San Diego State. Galante had to pause making payments four times for various life problems.

2:00.7

But the bigger issue, she got older. She can only work part time. Her monthly payment $176 is

2:09.2

income based and doesn't even cover the interest. This is going to follow you forever.

...

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