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Earn Your Leisure

Supreme Court Shuts Down Student Loan Forgiveness

Earn Your Leisure

iHeartPodcasts

Entrepreneurship, Education, Careers, News, Investing, Business, Business News

4.97.9K Ratings

🗓️ 13 July 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

In this clip, we delve into the recent monumental decision where the Supreme Court shuts down student loan forgiveness. 🎓⚖️ Understand the legal reasoning behind the ruling and its far-reaching implications for millions of borrowers across the United States. We’ll also discuss the reactions from political figures, educational institutions, and the general public. 


This development could have a lasting impact on the nation's education system and economy. Whether you’re a student, graduate, educator, or just interested in the law and social issues, this is an essential watch. Don’t miss out! #SupremeCourt #StudentLoan #Education


Link to full episode: https://www.youtube.com/live/G-hGZb8s-6w?feature=share (https://www.youtube.com/live/G-hGZb8s-6w?feature=share)


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Transcript

Click on a timestamp to play from that location

0:00.0

But any politician that promised you that that is actually an asset for most companies,

0:05.4

it's one of the most important investment pools of all time.

0:09.0

And that's why I'm even going back to affirmative action.

0:15.6

And it's already happened in some cases, but even with this rule,

0:19.0

and we're going to see a lot more white citizens attend HBCUs as scale over the next 20 years as well.

0:25.5

They have to keep that college student loan bubble afloat,

0:28.8

because if not, if it bursts, it will be one of the biggest crashes in the history of the United States of America.

0:34.4

So I know it was a great promise.

0:37.6

It was a great campaign point, but no president will ever be able at scale to be,

0:42.6

will be allowed to forgive student loan.

0:46.1

And I wish that it was, I think we have to have a completely different conversation around

0:51.8

if college at this price is worth the investment,

0:56.2

because college was not always as expensive going back to that investor cap table, if you will,

1:01.9

like if you graduate from undergrad, what is the multiple that you're getting on the degree?

1:08.2

A lot of times people will blame it on the student and say,

1:10.5

hey, well, they're not picking the right major.

1:12.9

I know business majors that are coming out and undergrad and they're $160,000 in debt.

1:18.0

Then you want them to go get an MBA and not have any great prospects.

1:22.1

A lot of things in the country needs to change, but the reason why the price of school keeps going up,

1:27.6

because it's one of the humanopolis that still exists,

1:31.0

that they have legislative power,

1:33.2

and already in place, to make sure that those rules don't change,

...

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