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The Truth About the Student Loan Crisis

 
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Contenuto fornito da Bob Zadek and The Bob Zadek Show. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Bob Zadek and The Bob Zadek Show o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
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TRANSCRIPT

Preston Cooper is a PhD student in George Mason University’s economics program and a visiting fellow at The Foundation for Research on Equal Opportunity, whose studies have led him to a number of under-publicized conclusions about the so-called student loan crisis.

First of all, blanket forgiveness of student loan debt would be far more costly than most people imagine – totaling more than all spending on antipoverty programs over the past several decades.

Second, those with the largest sums of debt are generally those who have graduated with reasonably valuable degrees, who are on their way to paying those debts down. The people most likely to be in default are those who incurred smaller debts from one or two semesters of college before dropping out, and failing to find well-paying work.

Finally, for those in this latter category, there are already programs available to alleviate the often crushing burden of student loan debt. These programs, including so-called IDR (income-driven repayment) plans, are much more helpful than the kinds of “debt forgiveness” being proposed by the Biden administration ($10,000 per student). In other words, call off the student loan debt jubilee.

Cooper joined me to discuss how we got to the point where the educational system produces so many poor debtors, and what we can do to resolve this problem going forward – without breaking the bank or benefitting the relatively privileged at the expense of the poor American taxpayer.


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Navigate Post-Censorship Social Media with Confidence

From Parler and Gab to MeWe and Bitchute, learn everything you need to know from my brief guide to the various sites where free speech still lives (allegedly), and how they stack up to the more mainstream competition like Facebook, YouTube and Twitter.

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Download the sample of Essential Liberty chapters.
Download the guide to the administrative state.

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104 episodi

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iconCondividi
 

Serie archiviate ("Feed non attivo" status)

When? This feed was archived on January 08, 2022 07:42 (2+ y ago). Last successful fetch was on December 08, 2021 03:39 (2+ y ago)

Why? Feed non attivo status. I nostri server non sono riusciti a recuperare un feed valido per un periodo prolungato.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 289834698 series 1004895
Contenuto fornito da Bob Zadek and The Bob Zadek Show. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Bob Zadek and The Bob Zadek Show o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
student loan forgiveness.png

subscribe

Get the podcast in iTunes and Stitcher

TRANSCRIPT

Preston Cooper is a PhD student in George Mason University’s economics program and a visiting fellow at The Foundation for Research on Equal Opportunity, whose studies have led him to a number of under-publicized conclusions about the so-called student loan crisis.

First of all, blanket forgiveness of student loan debt would be far more costly than most people imagine – totaling more than all spending on antipoverty programs over the past several decades.

Second, those with the largest sums of debt are generally those who have graduated with reasonably valuable degrees, who are on their way to paying those debts down. The people most likely to be in default are those who incurred smaller debts from one or two semesters of college before dropping out, and failing to find well-paying work.

Finally, for those in this latter category, there are already programs available to alleviate the often crushing burden of student loan debt. These programs, including so-called IDR (income-driven repayment) plans, are much more helpful than the kinds of “debt forgiveness” being proposed by the Biden administration ($10,000 per student). In other words, call off the student loan debt jubilee.

Cooper joined me to discuss how we got to the point where the educational system produces so many poor debtors, and what we can do to resolve this problem going forward – without breaking the bank or benefitting the relatively privileged at the expense of the poor American taxpayer.


Blue Orange Yellow School Supplies Book Report.png

Navigate Post-Censorship Social Media with Confidence

From Parler and Gab to MeWe and Bitchute, learn everything you need to know from my brief guide to the various sites where free speech still lives (allegedly), and how they stack up to the more mainstream competition like Facebook, YouTube and Twitter.

Email *

Thank you!

Download the sample of Essential Liberty chapters.
Download the guide to the administrative state.

LINKS:

RELATED SHOWS:

  continue reading

104 episodi

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