Manhattan Institute's Akers on Tackling Student Debt

The video discusses the national debate on student loan cancellation, highlighting its appeal to young graduates but questioning its policy sense due to its regressive nature. It emphasizes the economic benefits of college degrees and the affordability of student debt for most borrowers. The discussion also covers the different scenarios faced by borrowers, noting that those with smaller debts often struggle more than those with larger debts.

What is the main critique of the student loan cancellation policy discussed in the first section?

• It is difficult to implement.

• It does not cover all types of loans.

• It benefits those who need it the least.

• It is too expensive for the government.

According to the second section, what percentage of income do typical borrowers spend on repaying student loans?

• 10-15%

• 3-4%

• 5-7%

• 1-2%

What existing solution is mentioned for borrowers who find their loans unaffordable?

• Increased loan limits

• Extended repayment periods

• Student loan forgiveness plan

• Lower interest rates

In the final section, which group is identified as having the highest default rates?

• Students who completed their degrees

• Graduates with high-paying jobs

• Borrowers with less than $5,000 in debt

• Those with over $100,000 in debt

What is a common characteristic of borrowers who struggle with debt, as discussed in the final section?

• They have completed their degrees.

• They have high-paying jobs.

• They did not finish their education.

• They have no student loans.