Why Americans Will Get Less Help Paying for College

31:49 7 Højttalere 11 Kapitel 683 segmenter

Kapitel

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    We'll talk to members of our team of 140 journalists to bring you the very best product recommendations in every category that will actually make your life better. The Wirecutter Show, available wherever you get podcasts. From The New York …

  2. 1:50

    So the federal government put into place. Some changes to the way it lends money for higher education. I mean, there's $1 .7 trillion in student loan debt, and that's more than credit card debt. It's more than auto loans. And you'll probabl…

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    So what specifically is the government doing to try to achieve that goal? So two things are happening that just went into effect. The first thing is that there are going to be caps. on certain kinds of federal loans. First of all, there's t…

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    working adults age 25 to 34 who have a bachelor's degree. Can you give some examples of programs that might fail this test? Well, I've been looking at a pretty detailed data set of like over 30 ,000 undergraduate majors at all sorts of diff…

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    Kapitel 5: restrictions. 123s · Speaker 2

    restrictions. But as time went on, a few problems began to emerge. So first, there are more and more people who are borrowing through these loan programs who are not necessarily the higher income earners that the government originally creat…

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    When a big chunk of every paycheck goes towards student loans instead of being spent on other things, that's not just tough for middle -class families. It's painful for the economy. And so his administration tightened the underwriting. And …

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    So, Ron, we're at the moment in the story where the federal government has tried and failed with some kind of guardrails around education lending. But as you said, the problem kept getting worse. What's going on? So a couple of things are h…

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    They forgive it. It cancels that loan balance altogether. And so schools, they kind of start to get wise to this. And you start to see examples of those schools really encouraging students to make use of that public service loan forgiveness…

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    not be doctors or might not be clinical psychologists for people that maybe don't have the obvious earning potential of those types of professional degrees. What do they say they view as their responsibility to be tethered to a student's ea…

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    Ron Lieber, thank you so much. Thank you. We'll be right back. Here's what else you need to know today. In separate decisions on Tuesday, the Supreme Court dealt a blow to the Trump administration's attempt to end birthright citizenship and…