Biden’s Student Loan Forgiveness Plan to Cost Nearly $400 Billion

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Published on September 28, 2022

Seth Meyers’ monologue from Tuesday, September 27.

Late Night with Seth Meyers.

Watch Late Night with Seth Meyers Weeknights 12:35/11:35c on NBC.

Get more Late Night with Seth Meyers: http://www.nbc.com/late-night-with-seth-meyers/

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28 comments

  • Lex Slate 2 months ago

    The good news is that loan forgiveness is basically an economic stimulus targeted at people who have gotten an expensive education but do not have high-paying jobs. A trickle-feed economic stimulus, since it affects their monthly bills, that should have near-zero inflationary impact.

    Also, transferring wealth to people in the lower economic brackets is usually pure gain for an economy. Really, this is a good policy and should be extended to most people with outstanding student loans. Except for Republicans, who disapprove of handouts no matter how justified or useful they are, and it’d be cruel to force it on them.

    Reply
  • elmando6522 2 months ago

    Rabies night. Scollins. No wait Brian.

    Reply
  • Erik 2 months ago

    Worst political move of the Biden administration, IMO. This handout does nothing to address the actual costs of higher education – in fact it gives exactly the wrong incentives for schools and future students. So it’s bad policy. It’s also bad politics in that it panders to Democratic-leaning educated constituencies, for no principled reason. Explain to the blue-collar guy in Pennsylvania or Ohio why his taxes should go to cover the college debts of others – debts they asked for, debts he judged he couldn’t afford for his own kid – but he’s still on his own for, say, the medical debts for his wife’s cancer treatment, or the credit card debt they ran up during the pandemic when he couldn’t work, the things they didn’t ask for.

    Reply
  • Phil Cochetti 2 months ago

    🎵🎶 Oh, yes, it’s Rabies’ Night
    And the feeling’s fight
    Oh, yes, it’s Rabies’ Night
    Oh, what a bite (huh) 🎵🎶

    Reply
  • Barry Lyndon 2 months ago

    It’s not like money we pay in taxes is ever going to do anything to help us anyways. May as well give it to a bunch of people who wasted money going to college to get degrees in areas of study that have nothing to do with what they actually do for a living now… assuming they didn’t drop out without getting a degree after racking up huge loans just to underage drink and experiment with drugs and sex away from their parents watchful gaze…

    Reply
  • Kieran Considine 2 months ago

    If that money wasn’t spent on student loan forgiveness, it probably would of been used for tax cuts for the rich.

    Reply
  • Orwellian Horseman of the Apocalypse 2 months ago

    If you don’t have anxiety either you aren’t paying attention or you don’t use social media.

    Reply
  • Cat Daddy 2 months ago

    The punch line was “Ladies? I thought you said rabies! Let’s go home Bitey.”

    Reply
  • Mixens 2 months ago

    $27/mo for 30 billion years comes out to just shy of $10 trillion — that’s one hell of an interest rate on $400 billion

    Reply
  • Funkythulhu 2 months ago

    That $100 Billion is only a “cost” if those people were even able to pay off the student loans anyway.
    Also, I want to hear Jon Lovitz sing “Rabies Night.”

    Reply
  • Cindygr8ce 2 months ago

    Ooooh no let’s freak out that the average American might get something from their government. I say triple it and give every gen z or millennial $20k. Or however much that would cost.

    Reply
  • Gustav 2 months ago

    It’s weird to call it a cost when it is actually a surplus in the economy. And no, it doesn’t have to be “paid for” with taxes. A currency issuing government doesn’t need an “income” in the currency it controls. It’s not a household.

    Reply
  • Nedim K (nedomedo) 2 months ago

    Haha! Rabies night! I like that! 😂

    Reply
  • Tonekone 2 months ago

    My wife said Seth’s hair looks like Bobby’s world flip back

    Reply
  • Dawn Oceanside 2 months ago

    BFD, that amounts to less than 2 days in the middle east!!
    Get OFF the COUCH!
    STAND UP for America!♥️🇺🇲

    Reply
  • Count Juan 2 months ago

    Gaetz had 6 viewers on this Twitch. They tolled him like no tomorrow. Pretty great stuff!!

    Reply
  • Josh Vanguard 2 months ago

    So , for those of us that choose not build crazy debt with college, we will be patiently waiting our ten thousand dollar check. Then maybe In my early forties I can finally afford my first car. Forget a home I’ve given up on that possibility , but would be happy to have my own car …..

    Reply
  • The Nd 2 months ago

    Europe does this but always so what’s the big deal

    Reply
  • Emily 2 months ago

    𝐈𝐦 𝐦𝐚𝐤𝐢𝐧𝐠 𝐨𝐯𝐞𝐫 $𝟏𝟑𝐤 𝐚 𝐦𝐨𝐧𝐭𝐡 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐩𝐚𝐫𝐭 𝐭𝐢𝐦𝐞. 𝐈 𝐤𝐞𝐩𝐭 𝐡𝐞𝐚𝐫𝐢𝐧𝐠 𝐨𝐭𝐡𝐞𝐫 𝐩𝐞𝐨𝐩𝐥𝐞 𝐭𝐞𝐥𝐥 𝐦𝐞 𝐡𝐨𝐰 𝐦𝐮𝐜𝐡 𝐦𝐨𝐧𝐞𝐲 𝐭𝐡𝐞𝐲 𝐜𝐚𝐧 𝐦𝐚𝐤𝐞 𝐨𝐧𝐥𝐢𝐧𝐞 𝐬𝐨 𝐈 𝐝𝐞𝐜𝐢𝐝𝐞𝐝 𝐭𝐨 𝐥𝐨𝐨𝐤 𝐢𝐧𝐭𝐨 𝐢𝐭. 𝐖𝐞𝐥𝐥, 𝐢𝐭 𝐰𝐚𝐬 𝐚𝐥𝐥 𝐭𝐫𝐮𝐞 𝐚𝐧𝐝 𝐡𝐚𝐬 𝐭𝐨𝐭𝐚𝐥𝐥𝐲 𝐜𝐡𝐚𝐧𝐠𝐞𝐝 𝐦𝐲 𝐥𝐢𝐟𝐞. 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐰𝐡𝐚𝐭 𝐈 𝐝𝐨. 🙂 𝐀𝐍𝐃 𝐆𝐎𝐎𝐃 𝐋𝐔𝐂𝐊.:)

    𝐇𝐄𝐑𝐄====)> 𝐰𝐰𝐰.𝐑𝐢𝐜𝐡𝐣𝐨𝐛𝐳.𝐜𝐨𝐦

    Reply
  • Loririestley 2 months ago

    I am making $162/hour telecommuting. I never imagined that it was honest to goodness yet my closest companion is earning $21 thousand a month by working on the web, that was truly shocking for me, she prescribed me to attempt it simply ,
    COPY AND OPEN THIS SITE ……>> 𝗪𝘄𝘄.𝗢𝗻𝗹𝗶𝗻𝗲𝗖𝗮𝘀𝗵𝟭.𝗰𝗼𝗺

    Reply
  • Laurenates 2 months ago

    I am making $162/hour telecommuting. I never imagined that it was honest to goodness yet my closest companion is earning $21 thousand a month by working on the web, that was truly shocking for me, she prescribed me to attempt it simply ,
    COPY AND OPEN THIS SITE ……>> 𝗪𝘄𝘄.𝗛𝗼𝗺𝗲𝗖𝗮𝘀𝗵𝟭.𝗖𝗼𝗺

    Reply
  • sefotid 2 months ago

    𝐈 𝐦𝐚𝐤𝐞 𝐦𝐨𝐫𝐞 𝐭𝐡𝐞𝐧 $𝟏𝟐,𝟎𝟎𝟎 𝐚 𝐦𝐨𝐧𝐭𝐡 𝐨𝐧𝐥𝐢𝐧𝐞. 𝐈𝐭’𝐬 𝐞𝐧𝐨𝐮𝐠𝐡 𝐭𝐨 𝐜𝐨𝐦𝐟𝐨𝐫𝐭𝐚𝐛𝐥𝐲 𝐫𝐞𝐩𝐥𝐚𝐜𝐞 𝐦𝐲 𝐨𝐥𝐝 𝐣𝐨𝐛𝐬 𝐢𝐧𝐜𝐨𝐦𝐞, 𝐞𝐬𝐩𝐞𝐜𝐢𝐚𝐥𝐥𝐲 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠 𝐈 𝐨𝐧𝐥𝐲 𝐰𝐨𝐫𝐤 𝐚𝐛𝐨𝐮𝐭 𝟏𝟏 𝐭𝐨 𝟏𝟐 𝐡𝐨𝐮𝐫𝐬 𝐚 𝐰𝐞𝐞𝐤 𝐟𝐫𝐨𝐦 𝐡𝐨𝐦𝐞. 𝐈 𝐰𝐚𝐬 𝐚𝐦𝐚𝐳𝐞𝐝 𝐡𝐨𝐰 𝐞𝐚𝐬𝐲 𝐢𝐭 𝐰𝐚𝐬 𝐚𝐟𝐭𝐞𝐫 𝐈 𝐭𝐫𝐢𝐞𝐝 𝐢𝐭…𝐆𝐎𝐎𝐃 𝐋𝐔𝐂𝐊. 𝐜𝐡𝐞𝐜𝐤 𝐢𝐭 𝐨𝐮𝐭, 𝐂𝐨𝐩𝐲 𝐇𝐞𝐫𝐞→→→→→ 𝐰𝐰𝐰.𝐬𝐚𝐥𝐚𝐫𝐲𝐭𝐨.𝐜𝐨𝐦

    Reply
  • Tina L. Cross 2 months ago

    Stay at home mom Kelly Richards from New York after resigning from her full time job managed to average from $6000-$8000 a month from freelancing at home…
    This is how she done it… 𝐖𝐰𝐰.𝐁𝐢𝐝𝐰𝐨𝐫𝐤𝟒.𝐜𝐨𝐦

    Reply
  • Avy115 2 months ago

    𝐆𝐫𝐞𝐚𝐭 𝐚𝐫𝐭𝐢𝐜𝐥𝐞, 𝐌𝐢𝐤𝐞. 𝐈 𝐚𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐰𝐨𝐫𝐤, 𝐢’𝐦 𝐧𝐨𝐰 𝐜𝐫𝐞𝐚𝐭𝐢𝐧𝐠 𝐨𝐯𝐞𝐫 $𝟑𝟓𝟎𝟎𝟎 𝐝𝐨𝐥𝐥𝐚𝐫𝐬 𝐞𝐚𝐜𝐡 𝐦𝐨𝐧𝐭𝐡 𝐬𝐢𝐦𝐩𝐥𝐲 𝐛𝐲 𝐝𝐨𝐢𝐧𝐠 𝐚 𝐬𝐢𝐦𝐩𝐥𝐞 𝐣𝐨𝐛 𝐨𝐧𝐥𝐢𝐧𝐞! 𝐢 𝐝𝐨 𝐤𝐧𝐨𝐰 𝐘𝐨𝐮 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐦𝐚𝐤𝐢𝐧𝐠 𝐚 𝐥𝐨𝐭 𝐨𝐟 𝐠𝐫𝐞𝐞𝐧𝐛𝐚𝐜𝐤𝐬 𝐨𝐧𝐥𝐢𝐧𝐞 𝐟𝐫𝐨𝐦 $𝟐𝟖𝟎𝟎𝟎 𝐝𝐨𝐥𝐥𝐚𝐫𝐬, 𝐢𝐭𝐬 𝐬𝐢𝐦𝐩𝐥𝐞 𝐨𝐧𝐥𝐢𝐧𝐞 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐣𝐨𝐛𝐬
    𝐉𝐮𝐬𝐭 𝐨𝐩𝐞𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤———>>> 𝐖𝐰𝐰.𝐁𝐮𝐳𝐳𝐉𝐨𝐢𝐧.𝐂𝐨𝐦

    Reply
  • MaryEmery 2 months ago

    𝐈 𝐚𝐦 𝐦𝐚𝐤𝐢𝐧𝐠 $𝟏𝟔𝟐/𝐡𝐨𝐮𝐫 𝐭𝐞𝐥𝐞𝐜𝐨𝐦𝐦𝐮𝐭𝐢𝐧𝐠. 𝐈 𝐧𝐞𝐯𝐞𝐫 𝐢𝐦𝐚𝐠𝐢𝐧𝐞𝐝 𝐭𝐡𝐚𝐭 𝐢𝐭 𝐰𝐚𝐬 𝐡𝐨𝐧𝐞𝐬𝐭 𝐭𝐨 𝐠𝐨𝐨𝐝𝐧𝐞𝐬𝐬 𝐲𝐞𝐭 𝐦𝐲 𝐜𝐥𝐨𝐬𝐞𝐬𝐭 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐨𝐧 𝐢𝐬 𝐞𝐚𝐫𝐧𝐢𝐧𝐠 $𝟐𝟏 𝐭𝐡𝐨𝐮𝐬𝐚𝐧𝐝 𝐚 𝐦𝐨𝐧𝐭𝐡 𝐛𝐲 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝐨𝐧 𝐭𝐡𝐞 𝐰𝐞𝐛, 𝐭𝐡𝐚𝐭 𝐰𝐚𝐬 𝐭𝐫𝐮𝐥𝐲 𝐬𝐡𝐨𝐜𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐦𝐞, 𝐬𝐡𝐞 𝐩𝐫𝐞𝐬𝐜𝐫𝐢𝐛𝐞𝐝 𝐦𝐞 𝐭𝐨 𝐚𝐭𝐭𝐞𝐦𝐩𝐭 𝐢𝐭 𝐬𝐢𝐦𝐩𝐥𝐲 ,

    𝐂𝐎𝐏𝐘 𝐀𝐍𝐃 𝐎𝐏𝐄𝐍 𝐓𝐇𝐈𝐒 𝐒𝐈𝐓𝐄…….>>> 𝐖𝐰𝐰.𝐨𝐧𝐥𝐢𝐧𝐞𝐜𝐚𝐫𝐞𝐞𝐫𝟏.𝐜𝐨𝐦

    Reply
  • sarah 2 months ago

    𝐌𝐲 𝐥𝐚𝐬𝐭 𝐩𝐚𝐲𝐜𝐡𝐞𝐜𝐤 𝐰𝐚𝐬 $𝟐𝟓𝟎𝟎 𝐟𝐨𝐫 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝟏𝟐 𝐡𝐨𝐮𝐫𝐬 𝐚 𝐰𝐞𝐞𝐤 𝐨𝐧𝐥𝐢𝐧𝐞. 𝐌𝐲 𝐬𝐢𝐬𝐭𝐞𝐫𝐬 𝐟𝐫𝐢𝐞𝐧𝐝 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐚𝐯𝐞𝐫𝐚𝐠𝐢𝐧𝐠 𝟖𝐤 𝐟𝐨𝐫 𝐦𝐨𝐧𝐭𝐡𝐬 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐬𝐡𝐞 𝐰𝐨𝐫𝐤𝐬 𝐚𝐛𝐨𝐮𝐭 𝟑𝟎 𝐡𝐨𝐮𝐫𝐬 𝐚 𝐰𝐞𝐞𝐤. 𝐈 𝐜𝐚𝐧’𝐭 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐡𝐨𝐰 𝐞𝐚𝐬𝐲 𝐢𝐭 𝐰𝐚𝐬 𝐨𝐧𝐜𝐞 𝐈 𝐭𝐫𝐢𝐞𝐝 𝐢𝐭 𝐨𝐮𝐭. 𝐓𝐡𝐞 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐰𝐢𝐭𝐡 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐞𝐧𝐝𝐥𝐞𝐬𝐬. 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐰𝐡𝐚𝐭 𝐈 𝐝𝐨 >> 𝐰𝐰𝐰.𝐰𝐨𝐫𝐤𝐨𝐧𝐥𝐢𝐧𝐞𝟏.𝐜𝐨𝐦

    Reply
  • NolaJemma 2 months ago

    𝐀𝐫𝐞 𝐲𝐨𝐮 𝐢𝐧 𝐝𝐢𝐫𝐞 𝐧𝐞𝐞𝐝 𝐨𝐟 𝐚 𝐜𝐚𝐫𝐞𝐞𝐫 𝐜𝐡𝐚𝐧𝐠𝐞? 𝐈𝐬𝐧’𝐭 𝐢𝐭 𝐟𝐫𝐮𝐬𝐭𝐫𝐚𝐭𝐢𝐧𝐠 𝐭𝐨 𝐡𝐚𝐯𝐞 𝐭𝐨 𝐜𝐫𝐞𝐚𝐭𝐞 𝐛𝐮𝐝𝐠𝐞𝐭𝐬 𝐟𝐨𝐫 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐢𝐧 𝐥𝐢𝐟𝐞? 𝐖𝐡𝐚𝐭 𝐢𝐟 𝐈 𝐭𝐨𝐥𝐝 𝐭𝐡𝐚𝐭 𝐮𝐩 𝐭𝐨 $𝟓𝟎𝟎 𝐜𝐚𝐧 𝐛𝐞 𝐞𝐚𝐫𝐧𝐞𝐝 𝐝𝐚𝐢𝐥𝐲 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐬𝐭𝐞𝐩𝐩𝐢𝐧𝐠 𝐨𝐮𝐭𝐬𝐢𝐝𝐞 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞, 𝐰𝐨𝐮𝐥𝐝 𝐲𝐨𝐮 𝐛𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝? 𝐈𝐧 𝐟𝐚𝐜𝐭, 𝐬𝐨𝐟𝐭 𝐬𝐤𝐢𝐥𝐥𝐬 𝐬𝐮𝐩𝐩𝐨𝐬𝐞𝐝𝐥𝐲 𝐬𝐮𝐟𝐟𝐢𝐜𝐞 𝐭𝐨 𝐦𝐚𝐤𝐞… 𝐖𝐰𝐰.𝐁𝐢𝐳𝐏𝐚𝐲𝟏.𝐭𝐤

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  • Amanda 2 months ago

    𝐌𝐲 𝐥𝐚𝐬𝐭 𝐩𝐚𝐲𝐜𝐡𝐞𝐜𝐤 𝐰𝐚𝐬 $𝟐𝟓𝟎𝟎 𝐟𝐨𝐫 𝐰𝐨𝐫𝐤𝐢𝐧𝐠 𝟏𝟐 𝐡𝐨𝐮𝐫𝐬 𝐚 𝐰𝐞𝐞𝐤 𝐨𝐧𝐥𝐢𝐧𝐞. 𝐌𝐲 𝐬𝐢𝐬𝐭𝐞𝐫𝐬 𝐟𝐫𝐢𝐞𝐧𝐝 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐚𝐯𝐞𝐫𝐚𝐠𝐢𝐧𝐠 𝟖𝐤 𝐟𝐨𝐫 𝐦𝐨𝐧𝐭𝐡𝐬 𝐧𝐨𝐰 𝐚𝐧𝐝 𝐬𝐡𝐞 𝐰𝐨𝐫𝐤𝐬 𝐚𝐛𝐨𝐮𝐭 𝟑𝟎 𝐡𝐨𝐮𝐫𝐬 𝐚 𝐰𝐞𝐞𝐤. 𝐈 𝐜𝐚𝐧’𝐭 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐡𝐨𝐰 𝐞𝐚𝐬𝐲 𝐢𝐭 𝐰𝐚𝐬 𝐨𝐧𝐜𝐞 𝐈 𝐭𝐫𝐢𝐞𝐝 𝐢𝐭 𝐨𝐮𝐭. 𝐓𝐡𝐞 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 𝐰𝐢𝐭𝐡 𝐭𝐡𝐢𝐬 𝐢𝐬 𝐞𝐧𝐝𝐥𝐞𝐬𝐬. 𝐓𝐡𝐢𝐬 𝐢𝐬 𝐰𝐡𝐚𝐭 𝐈 𝐝𝐨 >>
    𝐖­𝐰­𝐰­.­𝐄­𝐚­𝐫­𝐧­𝐂­𝐚­𝐬­𝐡­𝟕­.­𝐜­𝐨­𝐦

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