James attended Cornell and has finished paying back his loans. Robyn chose not to go to college and pursued an entrepreneurial lifestyle. The two of them now have five college-aged children. Jay went to a private college but, as a foreign national, wasn't eligible for federal student aid.
Today, our non-partisan co-hosts dissect the Biden administration's decision to cancel up to $20,000 in federal student loans for qualified individuals.
Topics include:
• Robyn's new podcast: Moms and Stocks (04:54)
• Crypto fund fronted by Matt Damon accidentally refunds $10.5m to a woman instead of $100 (https://fortune.com/2022/08/31/crypto-com-accidentally-transferred-10-million-to-thevamanogari-manivel/) (07:56)
• Is student debt forgiveness a moral hazard? (11:15)
• Is the taxpayer paying for the loan forgiveness? (13:40)
• Why Are Student Interest Rates Rising? (https://www.businessinsider.com/why-are-student-loan-interest-rates-increasing-expert-mark-kantrowitz-2021-6) - (18:01)
• Are colleges hedge funds with campuses? (19:19)
• Who is paying for the loan forgiveness? (21:29)
• Is the loan forgiveness fair or unfair? (23:25)
• Progressive vs. regressive taxation schemes (31:10)
• College enrollment rates based on household income (https://nces.ed.gov/programs/digest/d17/tables/dt17_302.30.asp) (32:23)
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• Visit Notepd.com (https://notepd.com/) to read our idea lists & sign up to create your own!
• My new book, Skip the Line (https://www.amazon.com/Skip-Line-Experiments-Surprising-Reaching/dp/0062998927) , is out! Make sure you get a copy wherever books are sold!
• Join the You Should Run for President 2.0 (https://www.facebook.com/groups/president2.0) Facebook Group, where we discuss why you should run for President.
• I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com (https://jamesaltuchershow.com/)
------------
Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts:
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