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In the Bubble with Andy Slavitt

Why Student Debt Forgiveness is Good for America

In the Bubble with Andy Slavitt

Lemonada Media

News

4.63.5K Ratings

🗓️ 30 December 2022

⏱️ 41 minutes

🧾️ Download transcript

Summary

Andy wants to share one of his favorite episodes from this year that’s just as relevant today as it was when we taped it. Millions of student loan borrowers breathed a sigh of relief after the White House revealed a plan to wipe clean a huge swath of debt (though it’s currently tied up in the courts). How meaningful is this policy, what are the broader implications to the economy, and will it help future borrowers? Harvard Economist Susan Dynarski and the Brookings Institution Senior Fellow Andre Perry break down the plan and use their own experiences to humanize the root problems that this relief begins to address. Plus, Andre argues why you will benefit from this policy even if you won’t get debt wiped personally. Keep up with Andy on Twitter @ASlavitt. Follow Susan Dynarski and Andre Perry on Twitter @dynarski and @andreperryedu. Joining Lemonada Premium is a great way to support our show and get bonus content. Subscribe today at bit.ly/lemonadapremium.    Support the show by checking out our sponsors! CVS Health helps people navigate the healthcare system and their personal healthcare by improving access, lowering costs and being a trusted partner for every meaningful moment of health. At CVS Health, healthier happens together. Learn more at cvshealth.com. Click this link for a list of current sponsors and discount codes for this show and all Lemonada shows: https://lemonadamedia.com/sponsors/    Check out these resources from today’s episode:  Sign up for updates on the student loan forgiveness application here: https://www.ed.gov/subscriptions Read why Susan changed her mind about student debt forgiveness: https://www.nytimes.com/2022/08/30/opinion/student-loan-debt-relief-biden.html Read why Andre believes debt forgiveness is a start to solving the root problem for borrowers: https://www.brookings.edu/blog/the-avenue/2022/08/25/bidens-student-debt-cancellation-doesnt-solve-the-root-problems-facing-borrowers-but-its-a-start/ Find vaccines, masks, testing, treatments, and other resources in your community: https://www.covid.gov/ Order Andy’s book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165  Stay up to date with us on Twitter, Facebook, and Instagram at @LemonadaMedia.  For additional resources, information, and a transcript of the episode, visit lemonadamedia.com/show/inthebubble. See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Why do we do what we do? What makes life meaningful? My name is Elise Lunan and I'm the author of

0:07.1

On Our Best Behavior and the host of the podcast, Pulling the Thread. I'm pulling the thread. I explore

0:12.9

life's big questions with thought leaders who help us better understand ourselves, others, and the world

0:18.5

around us. I hope these conversations bring you moments of resonance, hope, and growth.

0:23.8

Listen to pulling the thread from Lemonada Media wherever you get your podcasts.

0:30.1

Hey, it's Lena Waithe.

0:31.8

Legacy Talk is my love letter to black storytellers,

0:34.8

artists who've changed the game and paved the way for so many of us.

0:38.7

This season, I'm sitting down with icons like Felicia Rashad, Loretta Vine, Ava Du René, and more.

0:44.9

We're talking about their journeys, their creative process, and the legacies they're building every single day.

0:50.4

Come be a part of the conversation. Season two drops July 29th.

0:54.1

Listen to Legacy Talk wherever you get your podcast, or watch us on YouTube.

1:00.5

Lemonada. It's in the bubble with Andy Slavitt.

1:25.4

So while the team's on break from the holidays,

1:27.3

we thought we would revisit a really

1:29.2

important conversation that continues to be relevant as we go into 2023 today.

1:34.3

And that is the question of student loan forgiveness, something that people have strong feelings

1:39.4

about one way or the other.

1:42.4

Many believe that it provides a lot of benefit. Many people believe it

1:46.3

provides a free ride. We wanted to get to the bottom of that topic, and I think we do in this episode.

1:52.1

Today, after a number of legal challenges to the Biden administration student loan forgiveness program,

1:57.8

two lawsuits have resulted in the pausing of the program. The Supreme Court is slated

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