Manhattan Institute's Akers on Tackling Student Debt

Manhattan Institute's Akers on Tackling Student Debt

Assessment

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Business

University

Hard

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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.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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.