How U.S. Student Loan Debt Became A $1.7 Trillion Dollar Problem



President Biden announced that his administration will forgive $10,000 of federal student debt for borrowers making less than $125,000 a year. NBC News’ Hallie Jackson takes a look at how the U.S. student loan debt problem has ballooned into more than a trillion dollars in the past few decades.

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20 comments

  1. Nowhere to run now Joe, this articles show just how corrupt you are: https://www.youtube.com/watch?v=ZC0TuH3u7TA

    Lets make sure the Nazi regime of the Democrats never win office again:

    Vote:DeSantis

    Vote:Trump

  2. your marxist government wants the bourgeoisie taxed out of existence. by any means available.

  3. First they said "their body/their choice"
    Now they say your money is their choice…
    Remember..Remember when it comes November

  4. omgijoey [ triple'ing complexity mocking

    ) obstructon 082 of my citizen's arrest n my con victoins of offical usa government is felony treason ( preadjudicated convicted and sentenced TO any + all ) bringing anything to today [ 8.18.22 ) other than duty ( LWF.png

  5. omgijoey [ triple'ing complexity mocking
    ) obstructon 082 of my citizen's arrest n my con victoins of offical usa government is felony treason ( preadjudicated convicted and sentenced TO any + all ) bringing anything to today [ 8.18.22 ) other than duty ( LWF.png

  6. Reset reset. That's what should have been done. Reset all student loans back to the original loan amount borrowed and charge. No interest. Loans will be paid back for the amount borrowed with no interest. Reset reset all student loans back to the original amount and charge no interest

  7. I got cured of Herpes virus after Dr OSABA on YouTube has sent me his herbal medicine .

  8. I would rather see tax dollars stay here in United States, for my fellow country men and woman, what bout you???? Or keep sending money overseas to somewhere eles , MEAN PEOPLE SUK!!!!!! Stop Hating!!

  9. LOSERS —GO PAY YOUR BILLS ~~!!! NO MORE SPRING BREAKS~~~~~!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  10. THEY GOT MONEY FOR SPRING BREAK

  11. Trump forgave so many loans from farmers and private companies mostly white who aren't low income and Republicans never complained.

    This is a great news for all people. Fact is these students are low income or from low income family who deserve a break.

    It's American dream to go to college but not easy for low income people.

    Joe Biden is heiping low income family of all colors

  12. Yes! The more America and the world gets worse, the more we see Jesus is coming soon! Come Jesus come!!!

  13. Wow! Wow!!! How deceitful it is. They use these student loans to kickbacks more %%%$ for themselves. The amount is staggering. A trillion times trillion higher than the population of the WHole WORLD!!! Wow. Democrats!!! You White House is crushing the whole America to pieces. Anyways, Jesus is coming soon!!! If you sow deceit, you will reap deceit. Your very own life will be deceived. Your earthly lifetime will be robbed on you.

  14. It's about time. It should've been done a long time ago. For American students.

    It seems that Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven. Really? Matt Gaetz had $482,321in PPP loans forgiven. Did they used that money for anything else?

  15. Student loans have become a predatory “product” for huge financial corporations to indenture and harness the work product of the newly college educated. Universities and colleges encourage students to take them out to pay their bloated costs, like it’s a completely standard practice in the students best interest.

    The Federal government turned its back on middle class kids and their “FASFA” standards are extra restrictive and designed to exclude most students who apply from getting low interest government loans, so they have no alternatives.

  16. Let the universities, with their multi-billion dollar endowments, absorb the debt…not the struggling middle class!

  17. I am pretty sure a lot of bosses are not going to hire people to work. That got to forgiveness loan. They don't know nothing about hard work. Those are called lazy people probably. Would you hire them

  18. This is great and all, but do you know what happens to a country in which all people have a MASTER'S in Whatever studies?????

    Let me take you to POLAND, where I am from… Here I have, and we have – kids, 18, 21, 25, 36…. That have acquired Master's degrees in all subjects, and theories and so on… Who work as tellers and kitchen aids, and bar backs, and street performers…..

    What good is your degree, now?

  19. It’s not a “problem” for owners of the debt who collect billions in interest

  20. Political move by this terrible president and leader. Do you want to pay for others debt? I don't. Get out there and pay your debts off. What is a handout going to do? Teach you nothing.