Why The Fight To Cancel Student Debt Keeps Stalling

The video discusses the ongoing challenges and debates surrounding student loan forgiveness in the U.S. It highlights the financial burden of student loans, the political and legal complexities of implementing forgiveness, and the actions taken by the Biden administration. The video also explores the obstacles in Congress and the potential impact of debt cancellation on different demographics.

What percentage of federal student loans are currently being repaid?

• 56%

• 62%

• 70%

• 80%

Who does the President's administration believe has the authority to pass laws using Treasury money for student loan forgiveness?

• The President

• The Education Department

• Congress

• The Supreme Court

Which provision gives the Secretary of Education the authority to manage federal loans?

• The Federal Loan Act

• The Higher Education Act

• The Student Debt Relief Act

• The Treasury Management Act

What is one argument against canceling student debt?

• It would reduce the number of college applicants

• It would lead to higher taxes

• It would increase the wealth gap

• It would decrease university funding

Which group is most likely to default on their student loans?

• Students with graduate degrees

• Borrowers from private lenders

• Borrowers with less than $10,000 of debt

• Graduates from Ivy League schools