Welcome back to a brand new episode. I know it's been a few months since my last

podcast. I have missed you guys in today's episode we have a lot of things to get into so I'm going to get right into it so the first thing that I want to talk about is student loan forgiveness I mean it's all over the internet and in all honesty

whenever things start circulating all over the internet my first question is

okay what are they trying to distract us from? When things start circulating the

web it doesn't mean that they're not important. This is a very important topic to talk about which is why I want to talk about today and break things down because the core of student loans is very simple. It took me a long time to figure it out and to learn

economics and about our economy. I'm not a financial advisor but I've done a lot of

reading. My husband is very well-versed in finance so I've learned a lot through him and reading and everything that I talk about here is what I learned from my research and my own opinions.

So take it for what you will always do your own research.

There are many levels to this but the system banks on the fact that most people don't know how it works and don't know what they're getting into.

So I kind of want to break down some of that today in the simplest terms possible so hopefully you leave with a better

understanding of why student loans will never all be forgiven and what it's going to do to

our economy. So let's start with the basics. When it comes to student loans, they

are backed by the government. Who ensures that these loans are non-dischargeable in

bankruptcy, that is also the government. If the government

truly cared about cutting tuition prices, all they have to do is stop backing these

loans and colleges would be forced to slash their over-price

tuitions. However they don't and they won't because they work together. These loans

are used as a means to control inflation. It's a way to get millions

of people to start off their lives in debt. They know that most people are going to be paying these loans and paying interest on these loans for years, if not decades, if not the rest of their life, and most people will not be able to pay off these loans. I am sympathetic to the fact that many people

get tricked in a way to taking these loans and not fully understanding the consequence, the interest, the term, and what they're getting themselves into. I was one of them. I went to college, I got my degree in political science, I concentrated in foreign policy, and I also got my degree in business administration.

In all transparency if I knew what I know now I would not have gone to college.

For me personally I've never used my degree. I was going to go to law school and so I had to have a degree in something,

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