Your Money, Your Vote: What the Election Could Mean for Student Loans

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 29 September 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the third episode of our series “Your Money, Your Vote,” we delve into the presidential nominees' positions on student loans and the cost of higher education. In the wake of the Supreme Court's ruling against President Biden’s student-loan forgiveness plan, the administration has shifted to a more fragmented approach to address student debt. We’ll look into whether Vice President Kamala Harris will carry on Biden’s initiatives. And we’ll explore former President Trump’s views on student loans, including how they have evolved, if at all, in his current campaign. J.R. Whalen hosts. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	exchanges, the Goldman Sachs podcast featuring exchanges on rates, inflation and US
0:11.2	recession risk exchanges on the market impact of AI.
0:15.0	For the sharpest analysis on forces driving the markets and the economy
0:20.0	count on exchanges between the leading minds at Goldman Sachs.
0:24.0	New episodes every week.
0:26.0	Listen now. Here's your money briefing for Sunday September 29th. I'm J.R. Whelan for the Wall Street Journal.
0:41.0	This is the third installment of our special series, Your Money, Your
0:45.0	Votes. Today we're focusing on where the 2024 presidential candidates stand on something
0:51.2	that can cost anywhere from a few grand to hundreds of thousands of
0:55.4	dollars a college degree and many people borrow money and go into debt to pay for
1:01.5	that degree.
1:02.7	More than 43 million people in the US currently hold federal student loans, totaling
1:07.3	more than one and a half trillion dollars, according to the Government Accountability
1:11.5	Office. Last year, President Joe Biden's broad forgiveness plan
1:15.7	was struck down by the Supreme Court.
1:17.8	Since then, the administration has rolled out programs that wipe out college debt for some groups, but efforts to get
1:24.3	widespread forgiveness have been tied up in courts. The uncertainty has left many
1:29.1	Americans in a tough spot. I'm going to be looking at essentially almost half a million dollars worth of student loan debt,
1:37.9	which is crazy to even say out of my mouth.
1:42.1	That's 27 year old Aminta Scott. That's 27-year-old Aminta Scott.
1:44.4	She's a second-year medical student in Indianapolis.
1:47.3	She's taken out a mix of private and federal loans
	...

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