>> WELCOME BACK FRIEND STUDENTS
WHO TOOK OUT LOANS COULD HAVE
MORE TOO BEFORE BEING REQUIRED
TO MAKE PAYMENTS AGAIN THE MUCH
TALKED ABOUT BIPARTISAN
STIMULUS PROPOSAL INCLUDES A
PROVISION TO IT STEM THE
PAYMENT PAUSE FOR STUDENT LOANS
UNTIL MAY OF 2021 WITH MILLIONS
OF AMERICANS OUT OF WORK UNABLE
TO PAY BACK THESE LOANS,
THERE'S INCREASING PRESSURE ON
PRESIDENT-ELECT JOE BIDEN'S USE
EXECUTIVE ACTION TO FORGIVE
SOME OF THESE LOANS IN HIS
FIRST DAYS OF OFFICE,
JOINING ME NOW IS EDUCATION
REPORTER FOR THE WASHINGTON
POST DANIELLE DOUGLAS GABRIELLE
DANIELLE WELL COME TO THE SHOW
WE'RE SO EXCITED TO TALK TO YOU
ON THIS IMPORTANT SUBJECT THAT
SO THAT AFFECTS SO MANY PEOPLE
ON THE CAMPAIGN TRAIL. WE KNOW
BIDEN PROPOSED $10,000 OF
STUDENT DEBT FORGIVENESS DURING
THE PANDEMIC AND TO COVER
TUITION AT PUBLIC COLLEGES
AND UNIVERSITIES FOR ALL
STUDENTS WHOSE FAMILY INCOMES
ARE BELOW A 125 1000 NOW WITH
THAT SAID CAN THE PRESIDENT
ELECT TO USE HIS EXECUTIVE
POWER TO CANCEL FRONT FEDERAL
STUDENT DEBT IS THIS A THINK
AND THIS IS POSSIBLE.
>> I THINK THINK THERE ARE AT
LEAST A COUPLE OF POLICIES THAT
THE PRESIDENT ELECT
BUT USE. INCLUDING THE SAME
AUTHORITY THAT PRESIDENT TRUMP
IS NOWHERE TO SUSPEND STUDENT
LOAN PAYMENTS
AND INTEREST EARLY ON IN THE TO
THIS ACT CALLED THE HEROES ACT
OF
2003. NOW MANY POLICY EXPERTS
SUSPECT EXPECT THAT PRESIDENT
ELECT JOE BIDEN COULD USE THAT
SAME AUTHORITY IN ORDER
TO IMPOSE AND ESSENTIALLY
DISASTER LEAST THAT'S WHAT THIS
KIND OF FORM OF DEBT
CANCELLATION BE BIDEN IS BEING
PRESSURED BY MEMBERS OF HIS
PARTY, INCLUDING SENATOR CHUCK
SCHUMER ANALYSTS THAT WARRANT
TO DO AS MUCH AS 50 AT LEAST 50
$1000 WORTH OF
DEBT CANCELLATION HE HAS SAID
THAT DEFINITELY DEBT
CANCELLATION IS PART OF A
SECOND THE PLAN THE EXACT
AMOUNT
OF THIS POINT IS A LITTLE
UNCLEAR, BUT IT IS A STRONG
PORTION OF WHAT HE CONSIDERS
ECONOMIC RICK.
>> THANK YOU FOR EXPLAINING
THAT SO WELL DANIELLE SO IF HE
DOES USE EXECUTIVE POWER TO
FORGIVE STUDENT LOAN DEBT, WHAT
HAPPENS NEXT. HOW WOULD THIS
WORK.
>> IT COULD WORK A LOT LIKE
WHEN A PRESIDENT TRUMP
SUSPENDED STUDENT LOAN
PAYMENTS, WHICH MEANS IT WOULD
BE PRETTY IMMEDIATE
TO QUIT SHIN IS HOW BROAD BASED
AND WILL
BE NOW NOW THE FEDERAL
GOVERNMENT HAS CONTROL OVER ITS
PORTFOLIO FEDERAL STUDENT
LOANS. THERE ARE ALSO SOME
FEDERAL STUDENT LOANS THAT ARE
HELD BY
PRIVATE LENDERS.
>> AND THAT HAS BEEN A BIT OF
WHAT CONTENTION,
ESPECIALLY WHEN THE GOVERNMENT
DECIDED TO SUSPEND STUDENT LOAN
PAYMENTS, A LOT OF PEOPLE WHO
HAD THESE OLDER LONG THERE NOW
HELP COMPANIES. ONE INCLUDED
THERE'S A LOT OF DISCUSSION
WHAT I UNDERSTAND I FIND A WAY
TO USE
EXECUTIVE AUTHORITY TO INCLUDE
THOSE LOANS AS FOLLOWS OF
COURSE PARENT, PLUS LOANS THERE
ARE A LOT
OF PARENTS. WE'LL HAVE QUITE A
BIT OF DEBT THAT THEY RACKED
UP BEING AND TO SUPPORT THEIR
CHILDREN THEIR EDUCATION SO
THERE IS PRESSURE MOUNTING THE
PRESIDENT ELECT TO ALSO MAKE
SURE
THAT THOSE FAMILIES ARE DRESSED
IN ANY KIND OF DEBT
CANCELLATION PLAN.
>> A MOMENT AGO YOU MENTIONED
DEMOCRATIC LEADERS LIKE CHUCK
SCHUMER ELIZABETH WARREN
PUSHING FOR A PLAN TO FORGIVE
THE EDUCATION THAT WHICH WOULD
COST AN ESTIMATED 1 TRILLION
DOLLARS.
>> ARE WE GOING TO SEE MORE OF
THIS ON THE STATE LEVEL IN YOUR
OPINION DANIEL.
>> SO TO BE SURE THERE ARE
ACTUALLY A LOT OF STATES THAT
HAVE SOME FORM OF STUDENT
DEBT FORGIVENESS, NOT ONLY FOR
ESSENTIAL WORKERS IN ORDER TO
ENTICE PEOPLE LIKE DOCTORS AND
NURSES TO WORK IN RURAL AREAS
THEY WILL OFFER HALF IF YOU
WORK FOR US
FOR SAFE 3 TO 5 YEARS WE CAN
CANCEL A PORTION OF YOUR
STUDENT LOANS OR ON OFFER YOU A
GRANT
TO WORK TO DO SO SO THIS
EXISTS, IT'S JUST DOESN'T EXIST
ON A WIDE SCALE BASIS. SO THERE
IS ALREADY A PRECEDENT TO SEE
THIS HAPPEN. NOW WE'RE IN THE
MIDDLE OF A RECESSION STATE
BUDGETS ARE CRUNCH. I LACK OF
TAX REVENUE FROM
THIS YEAR. I DON'T KNOW IF
THERE'S MUCH APPETITE TO EXPAND
IT OR EVEN THE MONEY TO DO SO
SO THIS IS WHERE THE FEDERAL
SUPPORT FEDERAL GOVERNMENT
WOULD REALLY HELPING COME INTO
PLAY POTENTIALLY
SUPPORTING EXISTING PROGRAMS AS
WELL AS HAND FOR
NEW ONES.
>> A CONFERENCE ON TUESDAY
EDUCATION SECRETARY BETSY DEVOS
TOOK AIM AT THE TUITION-FREE
COLLEGE PROPOSAL CALLING
IT QUOTE A SOCIALIST TAKEOVER
OF HIGHER EDUCATION WHAT DO YOU
SAY THAT AT DANIEL.
>> YOU KNOW IT'S IT'S NOT A
VIEW THAT IS UNCOMMON HONESTLY
YOU KNOW WHEN I WRITTEN A BIT
ABOUT STUDENT DEBT CANCELLATION
AS WELL AS TUITION
FREE COLLEGE AND THAT SOUNDS A
LOT LIKE A LOT OF E-MAILS AND
LETTERS TWITTER RESPONSES I
RECEIVED FROM LOTS OF FOLKS WHO
FEEL BETTER.
I THINK ON ON THE CANCELLATION
OR PORTION OF IT THAT THERE'S A
FAIR AND HAS ISSUED THAT
PEOPLE WHO HAVE NOT GONE TO
COLLEGE PEOPLE ALREADY PAY BACK
THEIR DEBT. THEY SHOULDN'T HAVE
TO CLEARLY THE COUNTER ARGUMENT
IS THAT THERE ARE LOTS OF
PUBLIC PROGRAMS THAT WE PAY FOR
PAY IN TO
US TAXPAYERS THAT WE MAY NEVER
PERSONALLY BENEFIT FROM.
YOU KNOW SOME OF THE MOST
VALUABLE PRAISED AND TUITION
FREE COLLEGE PROGRAMS HAVE COME
FROM RED STATES
TENNESSEE HAS ONE OF THE THE
MOST FULL-THROATED APPROACHES
TO TUITION-FREE COLLEGE AND AT
THIS STAGE ARE ABOUT 30 STATES
ACROSS THE POLITICAL SPECTRUM
THAT HAVE SOME WARM UP
TUITION-FREE COMMUNITY COLLEGE
OR A FOUR-YEAR PUBLIC COLLEGE
SO THIS ISN'T IT. NEW THING AND
IT CERTAINLY ISN'T SOMETHING
THAT'S GOING TO GO WAY EVEN IF
THE FEDERAL GOVERNMENT
DOESN'T PROVIDE.
>> I MEAN ANGELES PORT GREAT
CONTACTS THERE DANIELLE SO WHAT
DO YOU SEE AS THE MOST LIKELY
FORM OF ACTION WHEN THE
INCOMING BIDEN ADMINISTRATION.
AND WHEN IT COMES TO STUDENT
LOAN FORGIVENESS. I
CERTAINLY THINK THAT IT IS THAT
ASKED.
>> COMPONENT OF THAT USED TO BE
A FACT ACTION IS SOMETHING THAT
IS UNDER
SERIOUS CONSIDERATION. NOW
THERE ARE OTHER FORMS OF DEBT
CANCELLATION THAT PRESIDENT BY
ELECT
CERTAINLY SAID ON THE CAMPAIGN
TRAIL THAT HE WOULD WANT TO SEE
CONGRESS TAKE UP INCLUDING A
$10,000 DEBT FORGIVENESS FOR
FOLKS WHO ATTENDED PUBLIC
COLLEGE UNIVERSITIES OR
CERTAINLY BLACK INSTITUTIONS OR
MINORITY
SERVING INSTITUTIONS. THIS
WOULD NEED CONGRESSIONAL
SUPPORT TO TAKE PLACE AND SO IN
IT BE CURRENT GRIDLOCK
IN WASHINGTON THAT MIGHT BE A
BIT OF A STRETCH NOT A
POSSIBILITY, BUT DEFINITELY A
LOT MORE DIFFICULT THEN USING
EXECUTIVE ACTION TO IT NICE
FORG