• Is Student Loan Debt Is Forgiveness the Answer?

  • Feb 20 2025
  • Length: 8 mins
  • Podcast

Is Student Loan Debt Is Forgiveness the Answer?

  • Summary

  • The U.S. student debt crisis impacts over 40 million Americans, with $1.7 trillion in student loans still owed, most to the federal government. The Biden administration has forgiven $127 billion in debt through programs like public service loan forgiveness, income-driven repayment plans, and aid for students defrauded by private colleges. Concerns arise about loan forgiveness fairness and its impact on personal responsibility. Proposed solutions include ending federal student loans and creating merit-based scholarships for STEM fields. These reforms aim to reduce student debt, promote responsible borrowing, and prepare graduates for high-demand careers, easing the financial strain on younger generations.

    How do you think the Trump Administration will handle the issue of rising student loan debt?

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    ABOUT COMMON SENSE:
    Thomas Paine's Common Sense argues that concentrated political power, whether in a monarchy or elite class, is unjust and undermines democracy. He advocates for a government accountable to the people, emphasizing transparency, representation, and checks on power. Citizens have the right and responsibility to challenge unjust government actions, making the case for a more participatory, responsive democracy.

    ABOUT BRUCE:
    Bruce Rutherford is a history lover and political commentator influenced by the writings of Thomas Paine, Milton and Rose Friedman, and other integral thought-leaders. From riches, to rags, and finally towards self-reliance, Rutherford brings passion and empathy to a bipartisan audience, and encourages an environment where we can discuss the ideas that shape our nation.

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