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

Published on September 28, 2022

Seth Meyers’ monologue from Tuesday, September 27.

Late Night with Seth Meyers.

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  • Lex Slate 6 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.

  • elmando6522 6 months ago

    Rabies night. Scollins. No wait Brian.

  • Erik 6 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.

  • Phil Cochetti 6 months ago

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

  • Barry Lyndon 6 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…

  • Kieran Considine 6 months ago

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

  • Orwellian Horseman of the Apocalypse 6 months ago

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

  • Cat Daddy 6 months ago

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

  • Mixens 6 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

  • Funkythulhu 6 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.”

  • Cindygr8ce 6 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.

  • Gustav 6 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.

  • Nedim K (nedomedo) 6 months ago

    Haha! Rabies night! I like that! 😂

  • Tonekone 6 months ago

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

  • Dawn Oceanside 6 months ago

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

  • Count Juan 6 months ago

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

  • Josh Vanguard 6 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 …..

  • The Nd 6 months ago

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


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