You're listening to Comedy Central. Let's talk about student debt. It's as American as milk. That isn't milk. Millions of Americans are college graduates, which is great. College provides you job skills, It exposes you to new ideas. It gives you a friend named Chad who's like a brother, even though he spilled bond water all inside your car. I
love you, Chad, but you're a dick. But because America doesn't properly subsidize higher education like almost every other developed nation in the world, the number of Americans with student debt is higher now than ever before. And student debt is a lot like an STD. Yes, you can get it by accidents in college, but then it follows you around for the rest of your life. And when I say the rest of your life, I mean it. There
is a ticking time looming over the American economy. Nearly two trillion dollars in student loans owed by fifty million borrowers. And this is not just a problem for younger Americans. Those over fifty years old have the fastest growing student loan debt burden of any Americans sixty and older are in default, and Washington will collect by garnishing the social security of seniors. In default, we met Sara Fina Galante
on the campus of San Diego State. Galante had to pause making payments four times for various life problems, but the bigger issue she got older. She can only work part time. Her monthly payment one hundred seventy six dollars is income based and doesn't even cover the interest. This is gonna follow you forever. This will follow me to
my grave. When you picture someone with student debt, you might think the cost of girls, but you should be thinking of the cost of golden girls, because eight million borrow is over fifty whole, nearly a quarter of all federal student debts. And the craziest thing is some of them or even having their Social Security checks garnished to pay it off. And by the way, when they say garnished, it means the money is taken out of the check, all right. They're not putting a little parsley on the
side of they checks and make it fancy. This is a terrifying situation to be and it's embarrassing. I mean, you heard that woman. Her loans might follow her to her great That is disgusting. When you know, when you're on your deathbed, you shouldn't be thinking about college loans. You know, you should be thinking of like a cool deathbed confession that will mess with your family when you're garden. You know, I'll just be like your real father is
keep everybody guessing. The point is American needs solutions to the student debt crisis, and it could be canceling student loans. It could be guaranteeing free education. You know. It could even be punishing colleges if their graduates can't get the jobs that pay their loans. Yeah, I think that's actually an interesting ideas. It will be like, oh, come on here, you'll get a job. You'll get a job, and then
what happens if you don't. If was a college dean, I would be a lot more concerned about my students getting jobs and graduating. If otherwise, I'd have to let them move in with me. Then people will be committed. But like, dammit, Chad, you're spelled bog water all over my fire. I love you, but you're a deck. Whatever the solution is, America cannot allow people to be so burdened by debt it follows them to the grave, especially because it will make for a very awkward reading of
the will. Today will be reading from the will of Stanley McCormick, who died at the age of eighty nine last month while having sex on a hot air balloon. That's how he wanted to go. Mr McCormick has left instructions for the distribution of his state, first his life savings, all of which go to Brent. I'm sorry who Brent as a collection agent for your dad's student loans. Sorry for your loss. So dad was paying student loans for sixty years, just had fifty more years to go, poor bastard.
Let's move on to the material as the car has been left to Brent. I thought I was getting the first cell the residents located at one tan Pine Lane. Brent, score the family China set smuggled out of Poland at the dawn of World War Two. Don't say, Brent, Brent, I don't even like China. Brent. Can we please have that one? It's really special to our family. Don't worry. This is going to bring the interest rate on his loan up to seven per seven. I'm sorry it's going
up to seven percent. Student loans are funny. The antique watch Brent, the pipe collection Brent, the beloved ban Joe Brent, Let's keyboard tickets Brent, and finally his grandchildren's drawings Brent, how are those going to pay down? As loans? And turned this ship into the n f T. And that covers everything he did not do well in life, that's for sure. I didn't even know he went to college when we get nothing, didn't you guys need granddad stuff to pay up your student loans? Shut up? I get
well help here? You got a heavy word. The Daily Show with covernoah Ears edition. Watch The Daily Show weeknights at eleven ten Central Long, Comedy Central and the Comedy Central. Watch pool episodes and videos at the Daily Show dot com. Follow us on Facebook, Twitter, and Instagram, and subscribe to The Daily Show on you Too for exclusive content and more. This has been a Comedy Central podcast