Melissa Korn
speaker
822 appearances
14 recordings
1 series
first heard Sep 2017
last heard Sep 2024
Melissa Korn’s voice in public audio — every appearance, attributed to the second.
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Appearances
at the high price of a college education.
It is stickier in some ways.
For years, student debt was considered good debt, right?
It is an investment in your future, an investment in your education.
But it also is a type of debt that is much harder to get rid of in bankruptcy.
It haunts people throughout their lives, no matter what path they end up on in terms of jobs or other things.
Up until fairly recently, it was really hard to get your debt wiped, even if you had some sort of a permanent disability and you weren't able to work and earn money.
It's much harder to get student loans wiped out in bankruptcy than it is other types of loans.
And the money that borrowers have tied up in loans or that they owe is money that they're potentially not spending elsewhere, right?
They are not putting down payments on houses.
They are not buying or leasing cars or taking vacations or general spending.
They are rethinking families, kids, all of that.
When Biden took office, he promised to make college more affordable and help alleviate the burden of student debt for many borrowers.
And he's tried to do that in a number of different ways.
The administration has...
forgiven loans for borrowers who attended predatory colleges.
So they were defrauded by their schools and borrowed money for degrees that ended up being fairly worthless for many of them.
They've also done student loan forgiveness for borrowers who worked public service jobs, public interest law and nonprofits and just working for the government for a certain amount of years.
And those people have been paying off their loans regularly for a
A number of years for generally about at least a decade.
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