Special Edition: Paying Student Debt Again - Predictions, Problems & Prep
The NewsWorthy
Erica Mandy
4.7 • 1.3K Ratings
🗓️ 19 August 2023
⏱️ 19 minutes
🧾️ Download transcript
Summary
Tens of millions of Americans are preparing to make student loan payments again. We're examining what this means for the U.S. economy with Emerson Sprick from the Bipartisan Policy Center. Then, Meagan McGuire from Student Loan Planner explains what borrowers need to know, and do, to get ready for the end of the pause.
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#StudentDebt #StudentLoanPayments #Economy
Transcript
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| 0:00.0 | Today is Saturday, August 19th. |
| 0:02.3 | Tens of millions of American households are now preparing to get back to making student |
| 0:06.0 | loan payments again. |
| 0:07.5 | The payments and interest have been on hiatus since the early days of the pandemic. |
| 0:11.8 | But soon, for the first time in more than three years, that hiatus ends, and with that, |
| 0:16.9 | more than 43 million Americans will start shipping away at a collective $1.7 trillion of student |
| 0:22.1 | debt. |
| 0:23.1 | So today, we are examining what this means for the U.S. economy overall, as well as individual |
| 0:27.9 | borrowers. |
| 0:29.0 | First, I'm talking to Emerson Sprick, a senior economic analyst at the Bipartisan Policy |
| 0:33.7 | Center. |
| 0:34.7 | He's explaining the big picture predictions, and also shares why he thinks the financial |
| 0:38.4 | burden is not as concerning as the mixed messages and expected logistical hurdles. |
| 0:43.8 | Plus, his take on the impact of political fighting when it comes to student debt and higher education. |
| 0:51.2 | Welcome, welcome to the Newsworthy Special Edition Saturday, when we sit down with a different |
| 0:55.2 | expert or celebrity every Saturday to talk about something in the news. |
| 0:58.6 | Don't forget to tune in every Monday through Friday for our regular episodes, but we |
| 1:02.2 | provide all the day's news in 10 minutes. |
| 1:04.6 | I'm Erica Mandy. |
| 1:05.6 | It's now time for today's Special Edition Saturday. |
| 1:11.4 | Emerson, thank you so much for coming on the Newsworthy. |
| 1:13.8 | Thanks for having me, Erica. |
... |
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