Transcript for 2020 Democratic presidential candidate student debt plans in the spotlight
This is where we Nina reality check and thank god we have an economist for us right now. Polish economy be was a frequent guest here on the briefing room she's also with clever girl finance thank you so much for being with those Paula we appreciate it. Brad Ernie. So ball you just heard a breakdown on and on to these plans we've obviously got 22 and growing what are we have turned them 24 candidates were Ayers and 12345. Planned for the end of the week Paula. Reality check where the sand is it possible to fund these plans. Any really depends do you think about how the loans today we know that on average about you know the average student is dragging on lap 40000 dollars in debt below that there are 44 million. People who have won his own debt or the other. And we know that this bird is out one point six Chilean dollars so you know open an individual respectively would all love our long and be eliminated or agenda and that would be in me thinks we also need to look in Paris is going to be comment is it actually is applicable to everyone that we that he. Eight and what do you think bowl I mean you know it's is as Sony will try to figure out how to pick ups and owns one of the biggest. Pitfalls we actually found me and my wife was up private loans that that we keep getting sold often separated and you don't and that know who you're paying at the end of the day which is. Fun little puzzle yet to play at the end of every month. But what are some of the pitfalls that people often find themselves in that perhaps the democratic candidates and they're trying to make headway they can actually charter dress something way. Absolutely delighted it is issue is not knowing exactly what you sign up or way back when you were saying Madonna lining college getting along lot of B don't realize how many different loan account in my how are cool they're actually team like you mentioned. Also one of the biggest issues a lot of people out Nazi stacked on actor out whether the amount of debt they're taking on isn't what we can actually Shia based on the career they're getting in huge titans this year there Livni and that courier going to proceed actually support you on this long dead and also it's really important that people come here our tuition across different schools right to nature that. And they can pay off as it meets the creative and getting into these are all that he need to consider. As they look into taking on dead and eighteen understanding. What day to White House and whereas it's sitting and the best way to interact out of copying your credit report. All right polish or come be clever girl finance Paula thank you so much for that analysis I appreciate it.
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