You Are Not A Loan
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 6 September 2023
⏱️ 21 minutes
🧾️ Download transcript
Summary
Interest on federal student loans has officially resumed, and payments are set to restart on October 1st. On Tuesday, however, a group of Senate Republicans introduced legislation to block President Biden’s Saving on Valuable Education Plan — or SAVE Plan — from going into effect, despite how it could help millions of people struggling to pay off their debt. For more, we’re joined by Braxton Brewington from the Debt Collective, a progressive organization fighting for full student debt cancellation.
And in headlines: a court struck down Alabama’s Republican-drawn congressional map again, the impeachment trial of Texas’s Republican Attorney General Ken Paxton started yesterday, and a pair of construction workers severely damaged a part of the Great Wall in northern China.
Show Notes:
- The Debt Collective – https://debtcollective.org/
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- For a transcript of this episode, please visit crooked.com/whataday
Transcript
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| 0:00.0 | It's Wednesday, September 6th. |
| 0:07.9 | I'm Priyanka Aribindi. |
| 0:09.2 | And I'm one of you to deliver and this is what a day, the podcast that is home and safe |
| 0:13.5 | from Burning Man. |
| 0:14.5 | Yeah, the burners, it got stranded for a few days at the festival because of the rain, |
| 0:18.2 | but luckily, we were able to avoid that. |
| 0:20.4 | I mean, it helps a lot that we didn't go. |
| 0:22.4 | You know there's that. |
| 0:23.4 | On today's show, a court struck down Alabama's Republican-Drawn Congressional map. |
| 0:35.8 | Once again, plus we recap Beyoncé's epic tour leg in LA. |
| 0:40.1 | It seemed like everybody was there, but us. |
| 0:43.6 | Massive follow. |
| 0:44.6 | Massive follow. |
| 0:45.6 | Massive. |
| 0:46.6 | But first, interest on federal student loans has officially resumed and payments are |
| 0:50.1 | set to restart on October 1st after being on pause for over three years. |
| 0:55.9 | This comes after the Supreme Court's struck down President Biden's plan to cancel |
| 0:59.2 | up to $20,000 in federal student loan debt for low and middle-class borrowers back in |
| 1:04.2 | June. |
| 1:05.2 | Shortly after that, his administration announced the saving on valuable education plan or |
| 1:09.7 | save plan for short, it is an income-driven repayment plan that promises lower monthly |
| 1:14.8 | payments for borrowers. |
... |
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