Should The Government Forgive Student Loans? | 609

Money Ripples Podcast

There’s a lot of talk going around about the government forgiving student loans because of the economy, inflation, COVID, and all the other factors that have affected income in the last few years. Do you agree with this? If yes, is it because you truly believe it’s the best thing to do or is it only because it will work in your favor? Key Talking Points of the Episode [01:34] Invest with PreREO! [02:26] Why are people talking about student loans? [03:15] How did I pay for my college education? [04:55] Why wouldn’t democracies work? [08:30] Why do you need to be careful with what you’re being offered? [11:39] Why should we have other options for college? [12:13] Why did I choose entrepreneurship? [13:15] What matters more than your degree? [14:59] What is the real problem with forgiving student loans? [16:40] What could be a better solution to expensive education? Quotables “The one thing I’m grateful for is that my dad taught me personal responsibility.” “Adults are really just big, oversized children that vote ourselves favors.” “We have to be careful of this because it’s easy for our self-interest to get in our way to vote for ways that we want.” “Just because the majority wanted it at that time, doesn’t mean it’s necessarily the best thing to do.” “The degree is not the power. The power is supposed to be what you learn and what you walk away with.” “I can tell you that I’ve learned more since dropping those licenses about money than I ever did back then.” “Why would we bail out our own children? Why would we rob them of their personal accountability, responsibility, and growth?”