Student Debt
topic on 4 shows · 10 statements across 7 episodes
BigDeal 
WTF is with Nikhil Kamath 
How I Built This 
All-In
10 statements about Student Debt, every show
Codie Sanchez: Graduate degrees average $76,000 in non-forgivable debt
“We went and got these grad degrees that have, on average, 76,000 dollars in student debt, and oh, by the way, they're non-forgivable, meaning that debt will follow you around for the rest of your life.”
Palihapitiya: Fixing student debt and housing shortages would eliminate rising youth socialism
“I suspect that at the core root of socialism are those two very specific things, and if we fix those two things, I suspect most of the people Would say, you know what? The system works for me. And then what's left over are the fringe people that will always wa…”
Sacks: Student debt is the only debt non-dischargeable in bankruptcy
“It's the only kind of debt that you can't get out of through bankruptcy.”
Thiel: US student debt grew from $300B in 2000 to nearly $2T
“The student debt was three hundred billion in 2000, It's basically close to two trillion at this point”
Thiel: 2009 college grads owed more debt 12 years later than at graduation
“If you take the people who graduated from college in 2009, and you fast forward 12 years to 2021, the median person had more student debt 12 years later than they graduated with.”
Thiel: 2005 laws prevent student debt bankruptcy discharge and garnish Social Security
“It's in 2005 it was under Bush 43 that the bankruptcy laws Got rewritten in the U.S. Where you cannot discharge student debt even if you go bankrupt, and if you haven't paid it off by the time you're 65, your Social Security wage checks will be garnished.”
Woolverton held $300,000 in student debt despite a $200,000 legal salary
“Well, that's actually the issue was my student debt was so high at 300,000 that even though I was making, you know, clearing 200,000 a year, I was still living like a law student.”
Palihapitiya: US student debt totals $1.6T compared to $10T in mortgages
“Currently it's 1.6 trillion of total, total student debt versus about 10 trillion of mortgage debt.”
Palihapitiya: Only one Gallup poll respondent cited student debt as top problem
“In 20, 22, according to the article across four Gallup polls, quote, just one respondent mentioned student debt as the most important problem facing the nation, unquote.”