The Daily Show: Ears Edition America's Student Debt Crisis
Sep 1, 2023
Roy Wood Jr., examines the pros and cons of college. Trevor examines how student debt got so out of control in the U.S. and its potential effects. Discussions include the distribution of assets in a will to pay off student loans, the impact of student debt in America, questioning the purpose of college, rising costs and alternative options, and the value of a college degree in the job market.
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Student Debt Lifetime Burden
- America has the highest number of student debtors due to lack of subsidized higher education.
- Student debt often lasts a lifetime, affecting borrowers even into old age.
Senior Student Debt Crisis
- Older Americans carry rapidly growing student loan debt, with many in default.
- Social security garnishment for seniors in debt is an emerging crisis.
Sarah's Endless Loan Payments
- Sarah Fina Galante, a part-time worker, pays $176 monthly on an income-based loan that doesn't cover interest.
- She illustrates how student loan burdens follow borrowers into later life stages.