The Young Turks cover image

Build Back Belated

The Young Turks

00:00

Student Loan Debt - Why Do They Need to Start Up Again?

February is when the payments need to start up again. Borrower balances have effectively been frozen for nearly two years, with no payments required on most federal student loans since march of 20 20. That means collectively, borrowers will be paying roughly seven billion dollars a month, or about 85 billion dollars a year,. So that's a lot of money. And it's because we one point seven trillion dollars in outstanding student loan debt - debt that cannot be discharged under almost any circumstance. The only way you get your debt forgiven as a student in this country is if you have been defrauded and fraud was so heinous... You can't discharge your student loans in a bankruptcy. It does not matter

Play episode from 54:56
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app