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The Realities of America's Student Debt Crisis | The Daily Show - YouTube
Channel: The Daily Show with Trevor Noah
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[Applause]
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let's talk about student debt it's as
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american as milk that isn't milk
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millions of americans are college
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graduates which is great college
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provides you job skills it exposes you
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to new ideas it gives you a friend named
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chad who's like a brother even though he
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spilled bong water all inside your car i
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love you chad
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but you're a dick
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but because america doesn't properly
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subsidize higher education like almost
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every other developed nation in the
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world the number of americans with
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student debt is higher now than ever
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before
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and student debt is a lot like an std
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yes you can get it by accident in
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college but then it follows you around
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for the rest of your life
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and when i say the rest of your life i
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mean it there is a ticking time armor
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looming over the american economy nearly
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two trillion dollars in student loans
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owed by 50 million borrowers and this is
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not just a problem for younger americans
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those over 50 years old have the fastest
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growing student loan debt burden of any
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age group 40 percent of americans 65 and
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older are in default and washington will
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collect by garnishing the social
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security of seniors in default we met
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seraphina gallante on the campus of san
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diego state galante had to pause making
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payments four times for various life
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problems but the bigger issue she got
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older she can only work part-time her
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monthly payment 176 dollars is income
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based and doesn't even cover the
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interest this is going to follow you
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forever this will follow me to my grave
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yeah when you picture someone with
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student debt you might think of the cost
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of girls
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but you should be thinking
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of the cost of golden girls
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because 8 million borrowers over 50 hold
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nearly a quarter of all federal student
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debt
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and the craziest thing is some of them
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are even having their social security
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checks garnished to pay it off
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and by the way when they say garnish it
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means the money is taken out of the
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check all right they're not putting a
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little parsley on the side of their
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checks to make it
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this is fancy terrifying situation to be
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and it's embarrassing i mean you heard
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that woman her loans might follow her to
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her grave that is disgusting
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when you know when you're on your
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deathbed you shouldn't be thinking about
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college loans you know you should be
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thinking of like a cool deathbed
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confession that'll mess with your family
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when you're gone
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you know just be like your real father
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is
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keep everybody guessing
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the point is america needs solutions to
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the student debt crisis and it could be
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cancelling student loans it could be
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guaranteeing free education you know it
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could even be punishing colleges if
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their graduates can't get the jobs that
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pay their loans yeah
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i think that's actually an interesting
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idea
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probably would be like oh come on in
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you'll get a job you'll get a job and
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then what happens if you don't if i was
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a college dean i'd be a lot more
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concerned about my students getting jobs
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and graduating if otherwise i'd have to
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let them move in with me then people
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will be committed be like damn it chad
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you spilled bong water all over my fire
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i love you but you're a deck
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whatever the solution is america cannot
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allow people to be so burdened by debt
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it follows them to the grave
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especially because
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it will make for a very awkward reading
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of the will
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today
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we'll be reading from the will of
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stanley mccormick
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who died at the age of 89 last month
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while having sex on a hot air balloon
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that's how he wanted to go
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mr mccormick has left instructions for
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the distribution of his estate first
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his life savings
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all of which go to
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brent
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i'm sorry who brent
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as the collection agent
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for your dad's student loans
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sorry for your loss
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so dad was paying student loans for 60
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years he just had 50 more years to go
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poor bastard let's move on to the
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material assets
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the car has been left to
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brent i thought i was getting the tercel
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the residence located at 110 pine lane
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brent score
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the family china set
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smuggled out of poland at the dawn of
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world war ii don't say brent
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rent come on i don't even like china
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brent can we please have that one it's
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really special to our family don't worry
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this is gonna bring the interest rate on
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his loan up to seven percent i'm sorry
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it's going up to seven percent student
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loans are funny
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the antique watch
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brent
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the pipe collection brent
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the beloved banjo brent
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skeeball tickets
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brent
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and finally his grandchildren's drawings
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brent how are those going to pay down
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his loans i turn this [聽__聽] into an nft
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and that covers
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everything he did not do well in life
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that's for sure i didn't even know he
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went to college
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he would brag about this
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so we get nothing
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didn't you guys need granddad's stuff to
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pay off your student loans
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shut up can i get a little healthier we
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got a heavy load
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[Music]
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