Biden's new student debt cancellation plan.
Tangle
Isaac Saul
4.8 • 672 Ratings
🗓️ 10 April 2024
⏱️ 29 minutes
🧾️ Download transcript
Summary
President Biden's new student loan cancellation plan. On Monday, President Biden unveiled a new plan that could erase some or all of the college loans for up to 30 million borrowers. The plan comes less than a year after the Supreme Court blocked a broader effort that would have forgiven an average of $20,000 for roughly 40 million Americans. Today, around 43 million Americans own about $1.7 trillion in student loan debt, or an average of just over $39,500 per borrower.
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Transcript
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| 0:35.2 | From executive producer Isaac Saul, this is Tangle. |
| 0:41.8 | Good morning, good afternoon and good evening, and welcome to the Tangle podcast, a place we get views from across the political spectrum, some independent thinking, and a little bit of my take. |
| 1:00.5 | I'm your host, Isaac Sall, and on today's episode, we're going to be talking about Biden's new student loan cancellation plan. |
| 1:08.1 | That's right. President Biden has unveiled a new plan to cancel student loans |
| 1:12.9 | after his previous one was struck down. So we are going to break down what's in the plan |
| 1:18.0 | and also talk a little bit about why or why not it might survive some legal scrutiny and what |
| 1:24.8 | my thoughts are on the merits. As always, we'll share some views from the |
| 1:28.1 | left and the right. Before we jump into that, though, I want to give a quick reminder that we are |
| 1:34.2 | hiring right now. In fact, we are hiring for this podcast and our YouTube channel. We are looking for |
| 1:39.9 | people with experience editing audio or video. This is kind of an internship assistant type |
| 1:47.2 | role. So ideally probably somebody who is a college student or recent college graduate, |
| 1:52.1 | though we're accepting all applications. It's a part-time gig. If you're interested, |
| 1:57.7 | there is info in today's episode description. There is a link to the job description. |
| 2:03.7 | There's also info about it in today's newsletter. If you want to go check that out, and you can send |
| 2:09.6 | an application to John, J-O-N at readtangle.com, and also me, Isaac, I-S-A-A-A-C at readtangle.com. |
| 2:19.7 | All right, with that other way, we're going to jump in with some quick hits. |
| 2:27.1 | First up, Arizona Supreme Court ruled yesterday that an 1864 near-total ban on abortion is |
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