Why Student Debt Forgiveness is Good for America

In the Bubble with Andy Slavitt

Lemonada Media

News

4.6 • 3.5K Ratings

🗓️ 30 December 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

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. But 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 this relief begins to address. Plus, Andre argues why you will benefit from this policy even if you didn’t 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! 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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1:45.3	So while teams on break from the holidays, we thought we would revisit a
1:49.3	really important conversation that continues to be relevant as we go into 2023
1:53.6	today. And that is the question of student loan forgiveness. Something that
1:58.8	people have strong feelings about one way or the other. Many believe that it
2:05.0	provides a lot of benefit. Many people believe it provides a free ride. We wanted
2:08.2	to get to the bottom of that topic. And I think we do in this episode. Today,
	...

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