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The Political Orphanage

Ep 112 | The Student Loan Bubble Is Filled with Swamp Gas | Guest: Royce Sharp

The Political Orphanage

Andrew Heaton

Politics, Comedy, News

4.91000 Ratings

🗓️ 30 April 2019

⏱️ 53 minutes

🧾️ Download transcript

Summary

Student loan debt has surpassed $1.5 trillion dollars — more than credit card debt — prompting some ascendant Democrats to push for loan cancellation and tax-funded university tuition. Heaton figures out what's making it so expensive with filmmaker and friend Royce Sharp.

Transcript

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0:00.0

Hello and welcome to Something's Off with Andrew Heaton. I'm your host

0:14.2

Andrew Heaton and your car gets pretty good gas mileage. Well, it's almost May and

0:20.5

yet again no universities have decided to give me an honorary degree, not even

0:26.2

Vassar, despite the fact that I'm a former diplomat and have never been convicted of arson.

0:33.0

Given how expensive degrees are, though, maybe,

0:36.0

universities don't want to pass out lam skins for fear of devaluing their,

0:40.0

deflating their value.

0:41.0

Now, I graduated from the University of Oklahoma with majors in history and

0:45.2

religious studies because of the big history factory down the street from my hometown in

0:50.3

the history district. Originally I have been accepted to Vanderbilt, which I've never actually been to,

0:55.0

and I don't know a lot about, other than it sounds prestigious.

0:58.0

And I also imagine people who matriculate there

1:01.0

and know what boat shoes are.

1:02.0

I think they're loafers. I had

1:03.9

intended to go to Vanderbilt to get a theater degree, but my parents talked me out of

1:07.8

that because I could go to the University of Oklahoma with in-state tuition on a

1:11.7

partial scholarship or I could go to Vanderbilt and mortgage my kidneys for an expensive but useless theater degree.

1:18.0

Their position was that an expensive Vanderbilt boat shoes degree made sense if I wanted to go into the business world

1:25.1

and make connections at the college or if I managed to drop a baby anchor and some

1:31.1

moneyed debutante and could spend the rest of my life drinking

1:33.7

mint julips on a plantation.

1:36.0

My ability is to close a deal, however, in business or with debutants is questionable

...

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