Kenny Malone

speaker

2,347 appearances 43 recordings 5 series first heard Dec 2025 last heard 4d ago

Kenny Malone’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 43 in all, peaking in Aug 2026 with 16.

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Planet Money · Can the Trump administration make college cheaper? · 1 Jul 2026 podcast

Well, let's fix that problem then, shall we?

Here we go.

All right, so the Trump administration's fix for this problem of ballooning grad school tuition, their idea of capping how much students can borrow, it's important to understand that it is just the latest move in what's been a decades-long back and forth over how much to loan students.

So caps on how much grad students could borrow from the government were first imposed back in the late 60s.

Then, 20 years ago, in 2006, the Department of Education swung the other way and started offering unlimited loans, which lasted until today.

And now, the Department of Ed is dismantling that unlimited loan program, and we're going back to CAPS.

These new caps are just shy of $21,000 per year for most kinds of grad programs.

For more expensive programs like medicine and law school, there is a higher cap.

And this idea that caps on student borrowing could actually bring down the cost of tuition, it's been around for a long time.

Corey told me at the old coffee machine, I believe, that Linda McMahon's Department of Ed, they did not invent this theory, this idea.

Where does the story of this idea begin?

Funny you should ask, Kenny.

I didn't expect a specific date, I will say.

It was a dark and stormy night.

I'm checking.

New York, because... Here, let me look at it.

I will say...

Generally, drizzly and hazy in New York City on that day.

Ronald Reagan's Linda McMahon.

All right.

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