Should the U.S. cancel $10,000 or more of student loan debt per borrower? What would be the economic and financial impact? Why the student loan system is broken and how to fix it.
Topics covered include:
How large and what is the growth rate of U.S. student loan balancesWhat are the projections for student loan lossesWhat are the pros and cons of forgiving student loansWhat would be the impact on federal finances of canceling student loansWhy the U.S. government is already technically insolventHow student loan programs should be restructuredThanks to LinkedIn and Policygenius for sponsoring the episode.
Show Notes
Student Loans Owned and Securitized, Outstanding—Federal Reserve Bank of St. Louise
Senate majority gives Biden path to student loan forgiveness by Sylvan Lane—The Hill
Schumer pressures Biden to bypass Congress to cancel $50,000 in student debt per borrower by Annie Nova—CNBC
Biden will call on Congress to forgive $10,000 in student debt for all borrowers by Annie Nova—CNBC
Outreach From Borrowers Could Overwhelm Student Loan System When Pandemic Pauses End by: Sarah Sattelmeyer and Lexi West—PEW
Financial Report of the United States Government FY 2019
Warren makes case to Fed chair for canceling student loan debt by Naomi Jagoda—The Hill
Student Loan Losses Seen Costing U.S. More Than $400 Billion by Josh Mitchell—The Wall Street Journal
Final Monthly Treasury Statement Receipts and Outlays of the United States Government For Fiscal Year 2020 Through September 30, 2020, and Other Periods—U.S. Department of the Treasury
Average Student Loan Debt at Graduation by Mark Kantrowitz—Savingforcollege.com
Profile Of The Labor Force By Educational Attainment by Vernon Brundage, Jr.—U.S. Bureau of Labor Statistics
Millennial life: How young adulthood today compares with prior generations by Kristen Bialkin and Richard Fry—PEW Research Center
Forgiving Student Debt Isn’t a Great Stimulus Plan by Noah Smith—Bloomberg
Average annual salary of bachelor's degree recipients employed full time 1 year after graduation, by field of study: Selected years, 1976 through 2001—National Center for Education Statistics
NACE Salary Survey Winter 2020—National Associations of Colleges and Employers
Australia’s student loan problem is a teachable moment for the U.S. by Jason Delisle and Alex Usher—Brookings
How To Lock In Higher Yields In Case Interest Rates Fall
Now Should You Buy Bitcoin? The Investment Case for the New Spot Bitcoin ETFs
How Much Should Your Net Worth Grow Each Year?
Should You Be Invested 100% Stocks Before and During Retirement? A Recent Study Says Yes
Listener Q&A on Investing and Living
Dissecting Stock Returns: Financial Engineering or Genuine Growth?
AI's Fork in the Road: Societal Bliss or Existential Threat?
Using a Checklist Approach To Investing - The Money for the Rest of Us Philosophy
Is Tourism Harmful or Helpful? The Economic and Cultural Impact of Global Travel
Easier Investing, Richer Life: TIPS Ladders to Annuities
How To Invest Money - 10 Rules of Thumb for Individual Investors
The Price of Money - 700 Years of Falling, Can Interest Rates Keep Rising?
Beyond Stocks: The Allure and Strategy of Credit Investments
How Much Should You Invest in Stocks? The Art of Position Sizing in a Volatile Market
How Higher Interest Rates Alter Our Financial Blueprint
The House of Cards: Evaluating Economic and Financial Warning Signs
Where Are Interest Rates Headed Next? Insights from the Jackson Hole Symposium
Our Car Was Attacked! Is Property Crime Increasing?
Die With Zero: Why You Should Start Spending Now
Bond Investing Masterclass Bonus Episode
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast