After an outcry for what seemed like months on end, the U.S. Department of Education has made the decision to cancel about $5.8 billion in outstanding student loans across 560,000 borrowers. It acts as the largest single loan forgiveness action taken by the government to date. However, it looks like it’s focused on anyone that attended schools operated by Corinthian Colleges, which filed for Chapter 11 bankruptcy in 2015 and has since closed down.
This looks to resolve several lawsuits filed against the schools, whom Vice President Kamala Harris once deemed “deceptive” with its “false advertising and recruiting,” amongst other allegations.
That said, there are still millions of borrowers that have yet to see any level of this relief, leaving them wondering where they stand in this day and age – especially in the face of an ever-growing inflation amidst high gas and home prices.
Joining us now is Brett Winterble, a spokesperson from Birch Gold to discuss the state of the economy in the face of this large – and some believe necessary – student loan forgiveness.
Q&A:
- In the face of this tremendous student loan cancellation, where do you think the U.S. Department of Education will go from here? Will they attempt to cancel more debt, or will the program slow down a bit?
- Some believe there’s a level of unfairness where some debts have been cancelled and others continue to be outstanding in terms of student loans. Do you believe any sort of balance can be found?
- Could this serve as a warning sign for how some colleges recruit students? Harris’ statement of how some rely on “false advertising and recruiting” seems pretty damning.
- If the Biden administration is unable to clear additional debts away, could that have an effect on how voting goes later this year? Or is it too soon to tell?
- What would you recommend for those still trying to square away those debts? Birch Gold deals in a number of tangible assets, including gold and silver, so do you think those would be worth investing in?
- Where can we learn more about Birch Gold Group, gold IRAs, and other services provided by Birch Gold.
- You can visit https://www.birchgold.com.
About Brett Winterble…
After spending nearly a decade with Rush Limbaugh as a Producer, Brett Winterble began his own show in 2008.
Brett currently hosts The Brett Winterble Show, heard Monday through Friday from 3-6 pm on News Talk 1110 & 99.3 WBT in Charlotte, North Carolina. Prior, Brett was heard on Sirius XM, plus 980 KFWB in Los Angeles and 760 KFMB in San Diego.
A lover of Current Events, Sports, Entertainment, and stories that really matter to the local audience, Brett has high energy and boundless curiosity.
He is a graduate of Emerson College and American Military University with degrees in Political Communication and Homeland Security/Intelligence Studies. Brett is married and has 2 teenagers plus a couple of cats, three birds, and some fish. His hobbies include travel, comedy writing, consuming motorsports and barbecue.
CONTACT: Jerry McGlothlin of Special Guests 919-437-0001 jerry@specialguests.com
