Not Quite Private, Not Quite Federal: Stuck In The Middle With "Goldilocks" Student Loans
Brian Lehrer: A Daily Politics Podcast
WNYC Studios
4.4 • 675 Ratings
🗓️ 24 March 2021
⏱️ 18 minutes
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| 0:00.0 | I'm Brian Lehrer. This is my daily politics podcast from WNYC Studios. It's Wednesday, March 24th. |
| 0:14.8 | There's good news and some bad news if you have student loans. It depends on who you are. |
| 0:22.8 | Yesterday, President Biden reversed a Trump Education Department policy that will allow up to a billion dollars in student loans to now |
| 0:29.5 | be written off for students who had been defrauded by for-profit schools. And COVID relief bills |
| 0:35.9 | have included suspending interest accrual and payment requirements |
| 0:39.5 | for many federal student loans. That's now extended through September. But while those actions |
| 0:45.7 | are helping many of the borrowers who are struggling to pay off the sometimes crippling debt |
| 0:50.7 | in the sometimes financially crippling pandemic, they don't cover everyone, including at least one of our own here at WNYC. |
| 0:59.2 | Maybe you saw the New York Times op-ed last week by Molly Webster, senior correspondent at Radio Lab, the title, |
| 1:05.9 | I've spent $60,000 to pay back student loans and owe more than before I began. |
| 1:12.4 | She shared her particular story, but it's bigger than one person, and she joins us now to |
| 1:17.5 | talk about her story and that of the millions like her ineligible for federal relief. |
| 1:24.0 | Hi, Molly. |
| 1:25.0 | Hi, Brian. |
| 1:25.6 | How are you? |
| 1:26.3 | Good. |
| 1:26.6 | And you called your student loan debt, |
| 1:28.5 | your secret shame. So you want to start at the beginning with what you borrowed and when? |
| 1:33.7 | Yes, let's bring the shame to light. Yeah, so basically, I went through undergrad where I got a |
| 1:41.0 | degree in biology, and then I went through grad school, where I got a degree in |
| 1:45.0 | science journalism, and I came out of those two institutions with $78,000 in loans. |
| 1:52.8 | And basically, you get into repayment. |
... |
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