Ep. 48 - Student Loan Debt Crisis - What Should Be Done?

Student loan debt is a crisis in America. President Biden is expected to decide if he will provide some amount of student loan forgiveness. Many say forgiveness isn't fair, and many others say forgiveness is necessary to close the wealth gap between those with student debt and those without. Regardless of President Biden's decision, the student loan system needs to be fixed immediately. There are many solutions to be discussed, and for once, we need Congress to finally take action.

There is $1.74 Trillion of student loan debt in America. There are 43.4 million student loan borrowers. Since 1980, the cost of college tuition & fees has outgrown inflation by 5 to 1. Homeownership declines as student loan debt increases, and the difference in net worth of homeowners and renters is 40 to 1.

#counterthought #studentloans #studentloanforgiveness #congress #biden #potus #executiveorder #brokensystem #politics #education #wealthgap #homeownership

00:00 Opening
00:31 Introduction
03:35 Republican Party Messaging Is Bad
05:34 Republican Tweets
06:13 Recommended Republican Party Messaging
07:41 Student Loans Outpace Wage Growth
08:59 Let's Talk About Student Loan Debt
11:32 My Student Loan Debt Story
14:13 History of Student Loans
18:43 TikTok Video Revelation
22:26 Student Loan Debt Facts
24:06 Home Ownership Decline
28:08 Wealth Gap
29:13 Student Loan Debt Shake-up
32:46 TikTok Video Comments
33:50 What Is The Solution?
36:14 Free Advice
37:01 My Solutions for Student Loan Crisis
40:19 End Card