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I Read the Senate’s Student Loan Bill So You Don’t Have To (And I’m Mad)
Manage episode 489819338 series 3664583
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We need to talk about some major — and frankly, troubling — student loan news coming out of Congress. The House bill has been out for a little while now, and it wasn't so positive. But the Senate has just released its own student loan bill proposal, and it’s not so hot either. Learn what’s in the proposal, what it could mean for borrowers like you, and why it feels wildly out of touch with reality. We’re here to help you understand what’s in the bill and get candid about how these changes feel surprisingly tone-deaf in today’s student debt environment.
Key moments:
(08:26) Senate bill repeals affordable income-based repayment plans, cutting off a path to forgiveness
(12:17) It seems like part of a broader plan to disincentivize folks from getting an education
(18:27) Borrower protections vanish — no more loan cancellation if a school lies or misleads you
(28:49) Loan caps may push students toward risky private loans and worsen racial gaps in medicine
(33:38) Borrowers are left scrambling after planning for a system that’s suddenly been rewritten
Links mentioned in this episode:
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