David Friedberg: “ I believe 100% in ending the federal student loan program.”
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Episode Description
Full episode: https://youtu.be/Oy4evu1TdiI
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Brief Summary
The episode argues for privatizing Freddie and Fannie and ending federal student loans to restructure higher education.
Key points
- Ending Federal Student Loans. A bold proposal to eliminate the federal student loan program to restructure education.
Transcript
What do you do with the mortgage market? God, it's so difficult. I don't know. Do you just basically privatize Freddy and Fanny and let them underwrite? I 100% think you got to privatize Freddy and Fanny as a first step. And then you have to stop underwriting student debt so that you don't underwrite the $200,000 degrees. I believe 100% in ending the federal student loan program. And I think that it will force a restructuring of the entire education system, higher education system in the United States, which no one wants to hear, no one wants to do, and everyone's against. But I think it is the only path forward. I think this is one of the top three most
important issues we should be discussing right now. We have to get rid of the federal student loan program and we have to force a right sizing of uh higher education and a restructuring of higher education such that the access to education becomes more ubiquitous. It's not this $300,000 debt load that everyone is forced to take
