High Definition Standard Definition
Video id : jo6vVccpSwQ
ImmersiveAmbientModecolor: #bdb19e (color 2)
Video Format : 136 (720p) mp4 | h264 | 44100Hz | 2335772 bps
Audio Format: 140 (AUDIO_QUALITY_MEDIUM) m4a | aac | 44100hz | STEREO(2channels)
PokeEncryptID: 9eaeb51277c75c87a3294d9f3a5a947c535cea34ed78d8c5aad679fb62066eb10d51c59a33a95c856b8a8ebc755f1de8
Proxy/Companion URL : woke-proxy.
Date : 1759894076302 - unknown on Apple WebKit
Mystery text?? : am82dlZjY3BTd1EgaSAgbG92ICB1IHdva2UtcHJveHkucG9rZXR1YmUuZnVu
143 : true
6,255 Views โ€ข 3 years ago โ€ข Click to toggle off description
open dyslexic mode

Should we forgive student loan debt? I talk with Justine of The College Investor on the pros and cons of student loan debt forgiveness. Who do you agree with?

๐Ÿค‘ Get The Weekly Bow-Tie - my FREE weekly email newsletter sharing market updates, trends and the most important news! Market Updates for the Smart Investor! mystockmarketbasics.com/dailybowtie

Visit Justine on The College Investor:
thecollegeinvestor.com/

Our points for and against student loan debt forgiveness:
It frees up money for borrowers to use on other debt to pay it off.

Student loan forgiveness is going to raise your taxes. That is tens of billions of dollars the government is going to have to pay for somehow.

Specifically for borrowers who make under $125,000 so it really helps out the people who most need it.

Yeah forgive student loans, forgive all debt, how is this fair?

$10,000 forgiveness and $20,000 forgiveness for Pell Grant recipients can be life changing money!

So you forgive all student loan debt and those people are freed up to spend money on everything else. What do you think that does to inflation?

Tuition is already impossible to cover. A little bit of forgiveness can go a long way.

The universities are just going to take advantage of loan forgiveness to raise their prices.

This student loan forgiveness wipes out completely student loan debt for 20 million borrowers.

The U.S. government already owes more than $27 trillion dollars! This is going to add another half trillion dollars to that amount!

#shorts #studentloans #studentloanforgiveness


My Investing Recommendations ๐Ÿ“ˆ

Check out the stock simulator and Get six FREE shares of stock worth up to $10,000 when you open a Webull investing account with any deposit! ๐Ÿค‘ mystockmarketbasics.com/webull

๐Ÿ“Š Download this Portfolio Tracker and Investing Spreadsheet! [Community Discount Code] mystockmarketbasics.com/spreadsheetdiscount

Free Webinar โ€“ Discover how to create a personal investing plan and beat your goals in less than an hour! Iโ€™m revealing the Goals-Based Investing Strategy I developed working private wealth management in this free webinar. Reserve your spot now! mystockmarketbasics.com/free-investing-webinar

โ‚ฟ Get up to $250 in free bitcoin when you open an account on BlockFi mystockmarketbasics.com/blockfi

SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. mystockmarketbasics.com/LetsTalkMoney

Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Co
Metadata And Engagement

Views : 6,255
Genre: People & Blogs
License: Standard YouTube License

Uploaded At 3 years ago ^^
warning: returnyoutubedislikes may not be accurate, this is just an estiment ehe :3
Rating : 4.935 (3/182 LTDR)

98.38% of the users lieked the video!!
1.62% of the users dislieked the video!!
User score: 97.57- Overwhelmingly Positive

RYD date created : 2023-03-16T20:08:53.671147Z
See in json

Connections

119 Comments

Top Comments of this video!! :3

@liftersgym

3 years ago

An even bigger issue than this was all the PPP forgiveness to big corporations that never skipped a beat and received millions that werenโ€™t spent on employee pay.

8 | 0

@kathyprager4976

2 years ago

She doesn't justify the foregiveness, just what she thinks it will do for others. Why? Because we all know there is no way to explain or justify such a crazy idea!

3 | 0

@Adam-ul2px

3 years ago

My fellow blue-collar co-workers and I were just sitting around thinking about how we skipped a bad investment (college) or went with a less expensive investment (J.C.) and decided that it's only fair that someone who makes 50-100% more than us should have their bad investment paid for, by us. Cause fairness.....

12 | 6

@armchaireconomist8648

2 years ago

Pay your bills and change your own life.

1 | 0

@bubbalawrence1

3 years ago

At what point do we stop forgiving tho? Are we just gonna have to do this again in 10 years?

17 | 4

@Dominus293

2 years ago

I will add by saying what I do for a living requires me to analyze a persons credit, the avg SLD is 45k the avg payment on that is 225.00 per month. removing 10k from that is 175.00 a 50.00 per month difference. If your not paying it now, you wonโ€™t pay it after; making it a waste of money.

| 0

@victorhaywood9995

3 years ago

So, when she said it frees up money to pay other debt, does anyone with any financial sense, believe her.
Notice, how those that want student loan forgiveness, never say or mention tgat they will stop attending any more colleges!!!

11 | 2

@oldtomplatz8862

1 year ago

If you take a loan out, expect to pay it back. Not someone else

| 0

@discopatrol.

3 years ago

If the debt is approved and forgiven, it needs to be placed on the individual's credit report for a set number of years just like a bankruptcy.

5 | 2

@spicychad55

3 years ago

gov't already gives farmers subsidies already, every year... most farmers just happen to be republicans too!

1 | 0

@davidlindsay131

3 years ago

Our National Debt is in the dozens of TRILLIONS, so... NO we SHOULDN'T

7 | 0

@sim771

3 years ago

In the debate, you barely see people talking about things other than their opinions and personal experiences on why/why not. What you don't see debated is who is considered a good candidate for forgiveness and why - it isn't just people who are particular income or certain degrees or certain amounts, that's not going to do any good long term.
There needs to be clawback conditions on forgiveness such as remaining in the US and generating income that taxes can be paid on to the US government. Existing credit utilizations and history - someone who has bad credit because their behaviour is causing them to, they over-use debt, they don't pay on time, etc. Wont generate an appropriate multiplier by having their debt forgiven.
These are just two factors, there are many more. The debate is currently mostly just opinions but not about the assumptions, which is why it makes very little sense

| 0

@paulgreer2604

2 years ago

Notice how she doesnt actually answer the questions.

1 | 0

@benparker9271

3 years ago

It just shows the difference in the level of financial education some have it some obviously don't. ๐Ÿ™„ Nothing is free

7 | 1

@JoseFierro666

2 years ago

just do dilvery job in new york for 14 hours a day. will get you $8000 dollars a month.

| 0

@ChristianRivera-wg8nv

1 year ago

90 % of people on student loans earn less than 120k a year so basically is money for everyone

| 0

@faithbydesignXO

1 year ago

Hello Ellie! New subbie! Congrats on your channel growth and great stuffing! ๐Ÿ’œ

| 0

@danielcunningham4955

3 years ago

The government should give everyone a $10K tax credit and how you use it is up to you. If you can use it to pay off some of your student loan that would be fine. If you don't pay $10K in taxes in a year, perhaps you can use it as a credit for taxes next year.

| 0

@BitcoinWillFixEverything

2 years ago

Why should I pay for someone else's college? Let them buy me a new furnace and air conditioning unit for my house, that's roughly 10 grand.

| 0

Go To Top