Student Loan Debacle with Oren Cass

Crazy Money with Paul Ollinger

Our higher education system is broken. But instead of trying to fix the underlying issues, the Biden administration is attempting to treat the symptoms with a massive giveaway to student loan debtors. In this encore episode (from August, 2022), I speak with Oren Cass. Executive Director of American Compass, whose article The Banality of Student Loans outlines the contradictions and self-defeating policies that have led us to this educational morass.

Ask yourself:

• Why is student debt treated differently than all other kinds of debt?

• Why are taxpayers on the hook for payments to colleges and universities instead of the institutions themselves?

• Why would you forgive hundreds of billions in loans without addressing any of the reasons we got into this mess in the first place?

Oren and I discuss the “college for all” approach and why it is the wrong way to prepare the vast majority of young Americans for a career–especially those who need an economic boost the most. We talk about why the federal government should not underwrite student loans and who should. And Paul vents about “these damn young kids - don’t they know what ‘obligation’ means?” Speaking of expensive colleges, Oren graduated Williams College and Harvard Law School, magna cum laude. (Paul graduated from Rhodes College, sine honoribus.)

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Follow Oren-

Twitter - https://twitter.com/oren_cass

Website - https://orencass.com/