President Joe Biden announced Wednesday that he will “forgive” 10-20 thousand dollars in federal student loan debt per borrower. Trish Regan is breaking it all down on her podcast.
“It does encourage this sort of freeloader issue, but why pay them off if the government is going to do it for you?” Trish Regan said. “You are disincentivizing a lot of people who are trying to do things right, but at the same time, we got ourselves in a situation that is all of the government’s doing to begin with.”
Trish Regan pointed out the government sent everyone to college regardless of whether they were cut out for it.
“Everybody had to go to college and since it was so expensive, they were just going to lend the money,” she said. “Consequently, they helped drive up inflation…
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