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Can America's Student Loan Debts Just Get Canceled?
Manage episode 305411529 series 2968024
More than 40 million Americans are in debt for getting an education. The federal government holds $1.6 trillion in student loan debts, a sum roughly on par with Canada’s GDP. President Biden has canceled billions of dollars of debt, but plenty more remains. Plus, a freeze on payments, put in place by President Trump at the start of the pandemic, expires in late January. Unless Biden extends it, as he has done before, loan repayments will be coming due again.
How did the student debt crisis in the U.S. get so bad in the first place, and what can we do about it? Persis Yu, staff attorney at the National Consumer Law Center and Director of the Center’s Student Loan Borrower Assistance Project, joins the podcast to explain the problem — and possible solutions.
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
See omnystudio.com/listener for privacy information.
70集单集
Manage episode 305411529 series 2968024
More than 40 million Americans are in debt for getting an education. The federal government holds $1.6 trillion in student loan debts, a sum roughly on par with Canada’s GDP. President Biden has canceled billions of dollars of debt, but plenty more remains. Plus, a freeze on payments, put in place by President Trump at the start of the pandemic, expires in late January. Unless Biden extends it, as he has done before, loan repayments will be coming due again.
How did the student debt crisis in the U.S. get so bad in the first place, and what can we do about it? Persis Yu, staff attorney at the National Consumer Law Center and Director of the Center’s Student Loan Borrower Assistance Project, joins the podcast to explain the problem — and possible solutions.
Learn more about your ad-choices at https://www.iheartpodcastnetwork.com
See omnystudio.com/listener for privacy information.
70集单集
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