The Pour Over Today - Bonus Episode: 2024 Election Topics - Student Loan Forgiveness

Starting point is 00:00:00 Today's episode is brought to you by our lead sponsor, Crew. In a special episode of The Pour 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 an understanding and compassion on key 2024 election topics. Americans have a lot of education IOUs. In the past 20 years, student loans in the U.S.

Starting point is 00:00:37 more than tripled to $1.75 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,

Starting point is 00:01:09 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 Democrats say after a quick break. With over 1,000 translations and every type of decorative edition,

Starting point is 00:01:37 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 have 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.

Starting point is 00:02:12 Simply text TPO to 71326 or visit give.cru.org.tpo. Message and data rates may apply, available to U.S. addresses only. Supporters of student loan forgiveness argue that the U.S. 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 prey 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

Starting point is 00:03:12 people who avoided, or have already paid off, debt to bailout 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 loan 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, verse 17 says, instruct those who are rich in the present age not to be arrogant or to set their hope

Starting point is 00:03:52 on the uncertainty of wealth, but on God who richly provides us with all things to enjoy. [♪ music playing, beat drops down to beat of drum beat, beat stops, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops again, beat stops 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.

Starting point is 00:04:29 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 cancelled over $167 billion for 4.75 million borrowers based on public service, disability, and other factors. That's all we have for today. Thanks for listening. If you're listening on the Apple Podcast app, give us a five-star rating and drop a review. 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. If you're looking for exceptional stories, you're looking for the nothing left on said podcast with former NFL player, TV personality, and number one New York Times bestseller,

Starting point is 00:05:39 Tim Green. Eight years ago, Tim was fatally diagnosed with ALS. Despite losing the use of his vocal cords, Tim is harnessing the power of AI to interview intriguing guests like Roger Goodell, the commissioner of the NFL. While not all guests are explicitly Christian, Tim's strong Christian values guide every thoughtful and inspiring discussion. Tune in to the Nothing Left Unsaid podcast every Wednesday. Just search for Nothing Left Unsaid on your favorite podcast app.

The Pour Over Today - Bonus Episode: 2024 Election Topics - Student Loan Forgiveness

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