Bonus Episode: 2024 Election Topics - Student Loan Forgiveness

today's episode is brought to you by our lead sponsor crew in a special episode of the PO over today we're explaining the debate about student loan forgiveness including where VP Harris and former president Trump stand this is the fifth episode of our election collection designed to help us grow in understanding and compassion on key 2024 election topics [Music] Americans have a lot of Education IUS in the past 20 years student loans in the US more than tripled to $11.75 trillion surpassing auto loans and credit cards to become the country's second largest source of debt mortgages are firmly in first place at $12 trillion the vast majority of student loan debt 92% is owed directly to Uncle Sam while a small portion 8% is owed to private companies for example Sofi the push to have Uncle Sam not ask for his money back began in 2011 during the Occupy Wall Street movement a protest against wealth inequality but the idea really gained steam during the 2020 presidential campaign when Senators Elizabeth Warren and Bernie Sanders each proposed Mass loan forgiveness $50,000 plus per borrower and free public College we'll be back with what Republicans and Democrat rats say after a quick break with over 1,000 translations and every type of decorative addition it's easy to forget how many people can't even get their hands on a single copy of the Bible in their native language this is why we've partnered with crew crew has missionaries in almost every country but they need more Bibles one missionary said I had never seen such a thirst for the word of God in my country let's quench that thirst for just $24 a month you can provide three people with Bibles every month as a bonus crew will provide meals to 12 hungry individuals through their humanitarian Ministry and send you a free TPO coffee mug simply text TPO to 71326 or visit give. crew.org [Music] TPO again that's texting TPO to 71326 or give. cr. or/ TPO message and data rates may apply available to us addresses [Music] only supporters of student loan forgiveness argue that the US government is holding back 43 million of its own citizens preventing them from starting businesses having children and buying homes they argue that student loans pray on uninformed teenagers and point to times when big businesses have received government bailouts as a precedent for loan forgiveness critics say student loan forgiveness is fundamentally unfair because it uses the tax dollars of people who avoided or have already paid off debt to bail out adults who made a legal commitment they argue widespread loan forgiveness WIll Stoke inflation and won't solve the underlying problem of high tuition and excessive borrowing no matter your stance on Lone forgiveness Christians are called to manage their own finances wisely and to live generously giving to those in need pray for guidance in doing both 1 Timothy 6: 17 says instruct those who are rich in the present age not to be arrogant or to set their Hope on the uncertainty of wealth but on God who richly provides us with all things to enjoy [Music] and now candidate stances former president Trump opposes most student loan forgiveness for existing loans while in office he supported income-driven repayment plans forgave loans for permanently disabled veterans and paused student loan payments when the pandemic began vice president Harris supports the Forgiveness of some but not all student loans she supported President Biden's attempt to cancel $10,000 for most borrowers which was blocked by the Supreme Court and expressed Pride that the Administration has canceled over $167 billion for 4.75 million borrowers based on public service disability and other [Music] factors that's all we have for today thanks for listening if you're listening on the Apple podcast app give us a fstar rating and drop a riew if you're listening on Spotify give us a follow and hit the notification Bell to never miss a new episode we appreciate your support and hope you have a great day we'll be back tomorrow with the regular news real Christians with remarkable stories compelled podcast uses gripping immersive storytelling to bring Christian testimonies to life take Alex sanjam who grew up surrounded by racial tension and anger in Rwanda was forced to flee for his life at 5 years old and then was challenged by the Gospel of Jesus to forgive the unforgivable listen to Alex's entire story on the compelled podcast he's on episode number 82 which is titled Rwandan Genocide Survivor in search of a savior listen on your podcast app or at compelled podcast.com or find the link in our show notes