Money For the Rest of Us

Why Student Debt Is So High and Why Forgiving It Doesn't Fix the Problem


Listen Later

What are the drivers that lead to higher student loan balances? Why a one-time student loan forgiveness program doesn't solve the problem of increasing student debt. What are some more viable longer-term solutions.

Topics covered include:

  • How big is the Biden Administration student debt forgiveness plan
  • How big has the student debt burden grown
  • Why are borrowings for students increasing
  • Why Baby Boomers spent so much less on college
  • How are student loans accounted for by the U.S. federal government
  • What is the impact on the deficit and potentially inflation of forgiving billions of dollars of student debt


For more information on this episode click here.

Show Notes

Student Debt And The Federal Budget | How Student Loans Impact The U.S. Fiscal Outlook, November 2021—Bipartisan Policy Center

What the Student-Loan Debate Overlooks by Ronald Brownstein—The Atlantic

See the Average College Tuition in 2022-2023 by Emma Kerr and Sarah Wood—U.S. News & World Report

Biden’s Student-Debt Plan Could Chip Away at the Racial Wealth Gap by Sheelah Kolhatkar—The New Yorker

If your federal student loan payments are high compared to your income, you may want to repay your loans under an income-driven repayment plan—Federal Student Aid

What Does Student Debt Cancellation Mean for Federal Finances?—Committee for a Responsible Federal Budget

Government payments by program—Economic Research Service, U.S. Department of Agriculture

Projected Lifetime Earnings by Major by Douglas A. Webber, December 1st, 2019

Related Episodes

245: Is College Worth It?

307: Income Share Agreements—Good for Students or Investors?

327: Is Student Loan Forgiveness A Good Idea?

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

...more
View all episodesView all episodes
Download on the App Store

Money For the Rest of UsBy J. David Stein

  • 4.5
  • 4.5
  • 4.5
  • 4.5
  • 4.5

4.5

1,319 ratings


More shows like Money For the Rest of Us

View all
Investing Insights by Morningstar

Investing Insights

497 Listeners

Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

778 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,983 Listeners

Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Retirement Answer Man

1,290 Listeners

Radical Personal Finance by Joshua Sheats

Radical Personal Finance

1,876 Listeners

Retirement Starts Today by Benjamin Brandt CFP®, RICP®

Retirement Starts Today

510 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,526 Listeners

ChooseFI by ChooseFI

ChooseFI

5,088 Listeners

Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

Stay Wealthy Retirement Podcast

600 Listeners

Bogleheads On Investing Podcast by bogleheads

Bogleheads On Investing Podcast

592 Listeners

The Long View by Morningstar

The Long View

885 Listeners

Sound Investing by Paul Merriman

Sound Investing

343 Listeners

Simple, but Not Easy by Morningstar

Simple, but Not Easy

85 Listeners

The Rob Berger Show by Rob Berger

The Rob Berger Show

175 Listeners

Risk Parity Radio by Frank Vasquez

Risk Parity Radio

240 Listeners