What’s Next for Student Loan Borrowers in California?

KQED's Forum

KQED

Politics, News, News Commentary

4.6 • 656 Ratings

🗓️ 18 July 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

It has been a whirlwind few weeks for the tens of millions of Americans struggling with student loan debt. First, on June 30, the U.S. Supreme Court struck down President Biden’s debt cancellation plan. Since then, the administration has announced other plans to help borrowers, and more are in the works. But will they survive legal challenges? And what do the new programs mean for those buried in debt, with payments set to resume as soon as October? We’ll talk about the latest developments and what’s at stake for borrowers in California. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Support for Forum comes from Rancho La Puerta, a wellness resort in Baja, California, just an hour from San Diego.
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0:28.3	Support for Forum comes from Broadway SF, presenting Parade, the musical revival based on a true story.
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0:40.0	Leo and Lucille Frank, a newlywed Jewish couple struggling to make a life in Georgia. When Leo is
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1:10.5	From KQED. From KQED.
1:45.5	From KQED in San Francisco, this is Forum. I'm Mina Kim. President Biden's student loan forgiveness plan that the Supreme Court struck down would have been huge for Californians who hold the largest share of federal student debt. Some 4 million borrowers in the state owe on average about $38,000, according to the Federal Reserve Bank of New York.
1:47.0	But the administration has announced other plans to help borrowers with a public hearing
1:50.9	on broad student debt relief today.
1:53.4	We take a closer look at Biden's alternative plans and what they mean for California as
1:58.3	payments are set to resume in October after a three-year pandemic reprieve.
2:02.5	Join us.
2:16.5	Welcome to Forum. I'm Mina Kim. After the U.S. Supreme Court struck down President Biden's
2:20.3	debt cancellation plan on June 30th, he pledged to find new avenues to help students in debt.
2:25.8	I'm never going to stop fighting for you. We'll use every tool at our disposal to get you the student debt relief you need and reach your dreams.
2:33.8	It's good for the economy. It's good for the economy.
	...

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