In this clip from the Average Intelligence Podcast, we pitch a two-step solution: stop the federal government from issuing new student loans, then freeze the interest on existing federal loans so borrowers only have to repay the principal they actually borrowed.
We also discuss how government-backed lending helped create the problem, whether eliminating the Department of Education makes sense, and why dismantling a system before creating its replacement might be the most frustrating approach possible.
Would this be a fair compromise, or would somebody still get screwed?
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