00:00:00
What have you learned getting people to
00:00:01
quit school, giving them $100,000, and
00:00:04
then how many parents call you and get
00:00:05
really upset that their kids are
00:00:07
quitting school? I think the
00:00:08
universities are far worse than I even
00:00:09
thought when I started this thing. You
00:00:11
know, the student debt was 300 billion
00:00:13
in 2000, it's uh it's basically uh close
00:00:16
to two trillion at this point. And then
00:00:18
if you look at it by cohort, if you
00:00:20
graduated from college in 1997, 12 years
00:00:24
later, people still had student debt,
00:00:25
but most of the people had sort of paid
00:00:27
it down. By 2009, the median person had
00:00:32
more student debt 12 years later than
00:00:34
they graduated with. I do think a lot of
00:00:36
the students got ripped off. So, I think
00:00:38
there should be some kind of broad um
00:00:40
student debt forgiveness at this point
00:00:42
who should pick up the 10. It's not just
00:00:44
the taxpayers. It's the universities and
00:00:47
it's the the the bond holders. The bond
00:00:50
holders and and and the universities. If
00:00:53
you just make it the taxpayers, then the
00:00:55
universities can just charge more and
00:00:57
more every no incentive to reform what
00:00:59
whatsoever.
