Mornings

Student Loan Portfolio

Photo: Newsradio WGAN

Student Loan Portfolio

The discussion focused on the $1.6 trillion student loan portfolio, with only 40% of borrowers currently repaying. Aaron Chadbourne highlighted that 5 million borrowers are in default, with 42.7 million borrowers collectively owing the debt. Criticism was directed at the Biden administration’s promises of loan forgiveness, which led to reduced payments. The conversation also touched on the unfairness of taxpayers funding loan forgiveness, the financial benefits to universities, and the potential for universities to cover loans with their endowments. Additionally, there was debate on the $6.2 million allocation to Planned Parenthood, questioning its necessity and the use of taxpayer dollars for political lobbying.

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