It's not necessarily fair to people with less than $10,000 in student loan debt because they'll cover up to actually $20,000 depending if you got Pell grants or not. It's unfair to people who used cash to pay down their student loans because of the high interest rates, but took out a mortgage instead to pay for their house. And it's also unfair, you know, because of the, in quote unquote to the taxpayer because eventually down the road, we will pay a little bit more somehow in either taxes or inflation to pay for us. That's the laws of physics, practically.
“Politics makes people stupid,” says James, an outspoken critic against buying into skyrocketing college tuition fees.
James attended Cornell and has finished paying back his loans. Robyn chose not to go to college and pursued an entrepreneurial lifestyle. The two of them now have five college-aged children. Jay went to a private college but, as a foreign national, wasn't eligible for federal student aid.
Today, our non-partisan co-hosts dissect the Biden administration's decision to cancel up to $20,000 in federal student loans for qualified individuals.
Topics include:
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