Utah's young demographics make student loan forgiveness hot topic among families

Published: Sep 10, 2024 Duration: 00:02:06 Category: News & Politics

Trending searches: student loan forgiveness
THE EXPERIENCE, THE FAMILY SAYS, REMAINS TRAUMATIZING KEEPING AN EYE ON YOUR MONEY TONIGHT. A LOT OF BACK AND FORTH OVER THE LAST TWO YEARS BETWEEN THE BIDEN ADMINISTRATION AND HIS ATTEMPT TO FORGIVE STUDENT LOANS. >>WELL, JUST RECENTLY, A RESTRAINING ORDER WAS ISSUED BY THE COURTS TO FREEZE ATTEMPTS TO ISSUE ANOTHER ROUND OF STUDENT LOAN FORGIVENESS. KRISTEN MCPEEK LIVE AT THE UNIVERSITY OF UTAH TONIGHT WITH MORE KRISTEN >>HEY THERE. SO I ACTUALLY HAVE A COPY OF THOSE TEMPORARY RESTRAINING ORDERS HERE IN MY HAND. AND WE'VE SPOKEN WITH PEOPLE WHO HAVE BORROWED MONEY FOR SCHOOL, LIKE PLACES HERE AT THE UNIVERSITY OF UTAH. AND THEY SAY THAT THEY'RE ACTUALLY CONFUSED ABOUT THE BACK AND FORTH BETWEEN THE BIDEN ADMINISTRATION AND COURTS. AND HOW THIS PLAYS A ROLE INTO THEIR LOANS. RIGHT NOW, STUDENT LOANS ARE ESSENTIAL FOR OUR SOCIETY POLITICAL SCIENCE PROFESSOR FOR THE UNIVERSITY OF UTAH, TIM CHAMBLISS, HAS WITNESSED THE NEED FOR STUDENT LOANS FIRSTHAND. >>WHEN I ASK MY STUDENTS A LARGE AUDITORIUM, ANYBODY HERE HAVE A STUDENT LOAN SHOW, RAISE THEIR HAND. ALMOST ALL THE HANDS GO UP. >>THE BIDEN ADMINISTRATION SAYS THEY WANT TO SEE DEBT RELIEF PROVIDED TO OVER 30 MILLION STUDENT LOAN BORROWERS. THESE PLANS ARE BEING BLOCKED BY THE COURTS FROM MOVING FORWARD UNTIL A HEARING SCHEDULED ON SEPTEMBER 18TH. DO YOU THINK YOU CAN PUT A TIMELINE ON SOMETHING LIKE THIS? GETTING PAST IS THIS YOU KNOW, LIKE SOMETHING THAT COULD BE DONE IN A FEW WEEKS OR DO YOU THINK IT'LL TAKE YEARS? >>I THINK THIS IS AN ONGOING ISSUE, AS IT IS WITH ANY ENTITLEMENT. >>CHAMBLISS SAYS THIS IS AN EXAMPLE OF THE WAY CHECKS AND BALANCES ARE PLAYING OUT IN OUR POLITICAL SYSTEM, AND NOW TIMING IS EVERYTHING. DO YOU THINK THAT THE ELECTION IS PLAYING A ROLE IN THE BIDEN ADMINISTRATION WANTING TO GET THIS DONE SOONER THAN LATER? >>WELL, THERE'S ALWAYS THE QUESTION ABOUT WHO'S GOING TO WIN THE ELECTION ON NOVEMBER 5TH. >>AND SO RIGHT NOW, STUDENT LOANS ARE IN FORBEARANCE. AND THAT'S FOR THOSE WHO ARE ENROLLED IN THE SAVE PROGRAM, WHICH MEANS BORROWERS DON'T

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