Whoopi Goldberg panics over student debt burden: ‘People can’t get gas, they can’t buy food’
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On Tuesday, hosts of ABC’s “The View” called for some form of student loan forgiveness, and co-host Whoopi Goldberg said the government should scrap student loan interest rates, criticizing the burden it places on Americans.
Goldberg noted earlier in the segment a report from New York Magazine, which highlighted those who were still repaying their student loans “well before retirement age.”
“How is it possible that college can have such a high price tag? Because we’re always talking about looking out for older Americans. It affects Americans who have that student debt. It doesn’t matter what your background or what, you know, if you’re rich or if you’re poor. It doesn’t matter, if you have student debt, it goes with you to the grave,” she said.
Goldberg said a person should be born with the “gift of higher education” if they so choose.
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“These interest rates are worse than the bookmakers in my neighborhood. I mean, what is it?” said co-host Joy Behar. “You know, it’s really outrageous. I do believe though that if we’re not going to go with your plan, which is my favorite, everyone’s guaranteed, I think we have to target it a bit. Who’s going to get the loan and who’s going to pay it back? If you’re going to work for Doctors Without Borders, if you’re going to be a social worker or a teacher, or something like that, yes, then I’m happy for it. But I don’t think it’s generalized, frankly.
Goldberg later noted the case of an older woman who was still paying off her college debt and said it was shameful.
“In 1983, at age 52, Betty Ann enrolled in NYU law school. She borrowed $29,000 in federal loans. She now owes over $229,000. She’s 91, she sold the her family’s furniture to pay off her loan, wonders if without the debt she could have stayed in a house she once owned. Listen, it’s the debts you have to forgive. Because the people who are out there in the 70s and 80s maybe not making the same money they made in their 50s and 60s, you have to forgive that, it’s ridiculous,” she said.
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Co-host Sunny Hostin said Biden could forgive an additional $300 billion to $350 billion in student loans and that he has already forgiven $25 billion in student loans. Goldberg said seniors need their loans canceled.
“You talk, people can’t have gas, they can’t buy food, they can’t send their kids to any kind of college, it’s because they’re paying off these terrible debts. of students,” she said. “Just consider this, get rid of interest. Let people pay back what they borrowed and let us go from there.”
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The Washington Post editorial board said the president’s latest plan for student loans, which among other things seeks to forgive $10,000 per borrower, “would still be a costly and unfair blow to the election year.”
The federal pause on student loan repayments is set to expire at the end of August.