$15,000 of student loans. bill: i would have loved to have been given 10 grand. it could change your life but i signed a contract. a contract. i had to pay it. that was the bill. dana: i was so afraid i couldn t make my next payment that i made two payments at night. i was a waitress. president biden has had to make this decision over and over because he has hemmed and hawed about it. right now today he is expected to cancel up to $10,000 in student debt for americans making less than $125,000 per year. he will also reportedly extend the pause on loan repayments until after the mid-terms even though apparently we have the best job market in history. bill: taxpayers will foot the bill for all of this. it will cost anywhere between $300 billion at the low end and upwards of $980 billion at the high-end depending the decision he makes. dana: the price tag is raising alarm bells on both sides of the aisle. critics are calling it a hand-out that will do more harm than good
institution. so it is still too expensive. apparently students are getting a degree that s not worth it because they can t pay off their loans. how about fixing that and think about future students in what are they thinking when they go to college? will i pay out this loan? college should be an investment. you expect to put money down because it will pay off in the future. when you change that equation, when students start thinking of this like an entitlement and not an investment it ruins the classroom. you have to have something on the line. right now we re teaching students contracts don t matter. that s a civilizational question. bill: contract law, moral hazards. vote buying at its most raw. it leads you to why he is under pressure to do this. it comes from the far left. elizabeth warren in january now she was pushing this in january of 2020 and said this. i saved all my money for my