Billionaire Gifts Can’t Fix College Debt

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Slate

News, Daily News, News Commentary, Politics

4.6 • 2.3K Ratings

🗓️ 21 May 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Over the weekend, billionaire Robert F. Smith ended his commencement address to the Morehouse Class of 2019 with an extraordinary pledge: He would pay off the entire class’s student debt. Smith’s pledge will undoubtedly transform the lives of those students, but what about everyone else? What does student debt relief look like on a national scale? And what can we learn from studying the Morehouse Class of 2019? Guest: Jordan Weissmann, Slate’s senior business and economics correspondent. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You don't like cloud wrap?
0:02.5	No.
0:03.1	Skinny jeans?
0:04.0	Never again.
0:04.7	Eist coffee.
0:05.4	Starbucks always.
0:06.8	Your perfect summer.
0:08.2	Easy.
0:08.6	Something like...
0:13.4	What about...
0:17.2	..sounds exhausting.
0:18.7	Hi, what can I get you?
0:19.9	Solskar and Mark Green call, please.
0:23.6	Well, we can agree on one thing.
0:25.3	Summer hits different with Starbucks.
0:28.0	Subject to availability, whilst stocks last.
0:36.8	Classmates, class of 2019.
0:41.4	You look beautiful.
0:42.9	The best video you'll see on the internet this week
0:45.2	is definitely the last five minutes
0:47.7	of this year's commencement address
0:49.3	and more house college.
	...

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