Betsy DeVos on Why Student Debt Cancellation Is ‘Not Fair’

Roughly 45 million Americans owe a combined total of $1.7 trillion in student loan debt. If that were distributed evenly among the borrowers, each would owe close to $38,000.  Over the past two years, the federal government has paused collection of student loan payments because of the COVID-19 pandemic. Now, some Americans contend the government should forgive student loan debt outright. But what would canceling a $1.7 trillion bill mean for the American people?  “When we talk about this notion of forgiving student loans, what we’re really talking about is benefiting those who don’t necessarily need it,” Betsy DeVos, a former secretary of education, says. “And the ones who are going to be ultimately paying for it are those who’ve never attended college.”  DeVos joins the “Problematic Women” podcast to explain how the Biden administration should—and should not—address rising student loan debt.  She also addresses increasing concerns over the far left’s influence on education. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices