Student Loan Forgiveness Explained

Whether you qualify, paid off your loan, or never went to college, this politician has an explanation for you.

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A politician explains President Joe Biden's student loan forgiveness plan to three audiences: folks whose loans will be forgiven, those who paid back their loans or never went into debt, and people who never went to college.

Written, performed, and edited by Austin Bragg.

[seniorbob]

You don't want Harvard to suffer, do you!?

"At the heart of every great disaster, there is a Harvard man" - Dr. Thomas Sowell (Harvard graduate)

[grizwoldphantasia]

As some famous economist said, if you didn't have a student loan before, you've got one now!

[melonieashway]

Government doing what it does best, using money it doesn't have to buy votes

[fixedG]

When private lenders gave mortgages to people who couldn't afford them, they defaulted and it was a big problem. When government lenders gave student loans to people to pay for degrees with no earning potential, it's somehow less irresponsible and predatory.

[conureron]

You know, they nailed the contempt the reps have for the average Joe, calling us”idiot” since we questioned the merits…

[feroxludum]

Does anyone believe for a moment that universities could charge tens of thousands of dollars a semester in tuition if the market wasn't saturated with all that easy money from Uncle Sugar?

They would have 75 students in attendance, or else they would have to lower their tuitions dramatically to attract reasonable numbers of students ... except that toxic subsidies have ruined that market and driven prices skyward. The Law of Unintended Consequences is still in effect, it seems.

[brentruss]

Man, why can't I ever be in the voting demographic that gets "free" stuff in exchange for votes and campaign donations? Vermin Supreme was the closest I ever got. I still want that free pony, dammit. /s

[jeffrobison]

“Everyone I know watches that show”
Amazing line!

[watchdealer]

Taking from the poor to give to the rich

[sajo]

Doesn't student loan forgiveness imply there's something really wrong with the education system

[reharl]

It's shocking how much governmental effort is directed simply at their own self-perpetuation, rather than fulfilling the functions with which the electorate has entrusted them.

[wherethetatosat]

"Do you really want Harvard to suffer?"
Yes. Yes I do want them to suffer.

[staleydu]

This action harms me as a taxpayer. As such, it gives me standing to sue the government and the person who signed this executive order and ask for a temporary restraining order to stop this action. We the people need fight back and sue on just that.

[Vaelosh]

Even if we decide to forgive student loans, that should come with the clear indicator that the current system isn't working so it needs to be changed. I suppose the obvious Libertarian option is that the government stops backing student loans, but at minimum the government needs the ability to negotiate tuition rates with colleges or limit the student loans to state schools only.

[chrimony]

@2:03: Student debt in 2022 canceled by fiat because of 9/11 in 2001. Of course, makes perfect sense.

[FEV]

Aww man, I thought at the very end when you kneeled down and were talking to the kids that you were going to point out how they will be paying on the interest of the student debt for the rest of their lives. Because we never actually pay down the Federal debt.

[garereeve]

I'd be willing to support full student loan forgiveness under two conditions:

1: We call it "investing in the future" and, accordingly, garnish 5% from all future earnings OF ANY TYPE from anybody who accepts the bailout, as a "dividend" on our "investment". Sure, we won't make our money back from most of the people with degrees that end in the word "Studies", but we might hit the jackpot with somebody who creates the next big social media empire.

2: All future student loans must be co-signed by the college receiving the tuition money. If their degrees are a guarantee of good wages after graduation, then they'll have no reason to object, right...?

[jefferydebbink]

I went to college, didn’t take on any debt, and got my degree in accounting. I’ve held a steady paying job for a bank for over four years now. Will you refund my tuition dollars if you’re going to forgive rich peoples’ student loans?

[AmericanAntiCorruptionAct]

Student debt isn't about irresponsible young people taking out more loans than they'll be able to pay back.

It's about a corruption cycle between loan companies, lobbyists, and our lawmakers, designed to make them rich and powerful — AT YOUR EXPENSE.

[jordanthomas]

I love how in this video it is the person who didn’t even go to college are the most hated and ignored out of the three groups.

Very accurate how the government sees us.