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5-Minute Videos | PragerU

The Student Loan Forgiveness Scam

5-Minute Videos | PragerU

PragerU

Self-improvement, History, Non-profit, Business, Education

4.86.9K Ratings

🗓️ 8 August 2022

⏱️ 6 minutes

🧾️ Download transcript

Summary

It’s hard to imagine how we could screw up higher education any more than we already have, but we’re about to—if we make sweeping student loan forgiveness a reality. How? To answer this question, we must start by asking another one: cui bono? Donate today to help keep PragerU podcasts and videos free! All donations made between 8/8 - 8/14 will be MATCHED! PragerU.com/donate Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to another episode of PragerU's 5 Minute Podcast.

0:03.4

I'm Chris Barber from the PragerU social team, and before we get into today's 5 Minute

0:07.3

Podcast, I have an announcement.

0:09.2

Did you know that PragerU is a registered 501c3 nonprofit?

0:13.2

Thousands of supporters like you believe in our content and choose to help keep our videos

0:17.0

free and reaching millions every day.

0:19.0

You can help us continue to fight this month, it's our August fundraising month.

0:23.4

Consider donating today at PragerU.com slash donate.

0:27.1

All donations from now till August 14th will be matched dollar for dollar.

0:31.3

So consider donating today at PragerU.com slash donate.

0:35.4

Now to today's episode, enjoy.

0:38.8

It's hard to imagine how we could screw up higher education any more than we already

0:42.2

have, but we're about to if we make student loan forgiveness a reality.

0:47.1

There's an Italian phrase that helps explain why.

0:49.6

The phrase is Quibono, who benefits.

0:53.1

In the case of student loan forgiveness, it's first and foremost the colleges and universities

0:57.2

who can charge outrageous tuition largely paid for by student loans.

1:01.2

Second, politicians who make cheap promises of debt forgiveness to win votes.

1:06.1

And third, students from upper middle class families who would get taxpayers to pay off

1:10.0

their student debt.

1:11.4

Who doesn't benefit?

1:13.3

Everyone else.

...

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