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♪ ♪

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♪ ♪

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[CHEERS AND APPLAUSE]

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>> John: WELCOME, WELCOME,

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WELCOME TO "LAST WEEK TONIGHT"!

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I'M JOHN OLIVER, THANK YOU SO

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MUCH FOR JOINING US.

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IT HAS BEEN A BUSY WEEK.

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HAITI'S PRIME MINISTER AGREED TO

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RESIGN AMID DEEPENING UNREST,

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JOE BIDEN AND CHUCK SCHUMER

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SOFT-LAUNCHED A BREAKUP WITH

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BENJAMIN NETANYAHU, AND A

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CERTAIN SOMEONE'S ADOBE FREE

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TRIAL EXPIRED IN A PRETTY PUBLIC

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MANNER.

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BUT WE'RE GOING TO BEGIN IN

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CONGRESS, WHERE THE HOUSE PASSED

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A BILL THAT COULD EVENTUALLY BAN

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TIKTOK, THE WILDLY POPULAR APP

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SOME OF YOU ARE USING TO WATCH

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THIS VERY CONTENT IN THREE

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MINUTE CHUNKS.

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AND FOR THOSE WHO DO CHOOSE TO

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ENGAGE WITH THE SHOW THAT WAY:

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WE'RE BACK.

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♪ ♪

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I'M NEVER DOING THAT AGAIN.

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THE HOUSE BILL WOULD EFFECTIVELY

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BAN TIKTOK UNLESS IT BREAKS TIES

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WITH ITS CHINESE PARENT COMPANY,

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SOMETHING NANCY PELOSI

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SUMMARIZED LIKE THIS.

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>> THIS IS NOT AN ATTEMPT TO BAN

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TIKTOK, IT'S AN ATTEMPT TO MAKE

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TIKTOK BETTER.

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TIC, TAC, TOE, A WINNER.

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A WINNER.

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>> John: I'M CURIOUS: IS IT A

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RULE THAT TO BE IN CONGRESS YOU

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HAVE TO BE ONE OF THE WEIRDEST

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MOTHERFUCKERS TO EVER LIVE?

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I'D ASK HOW THAT HAPPENED BUT I

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THINK WE ALL KNOW.

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SHE WENT TO HER SPEECHWRITER AND

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SAID "I HAVE THE PERFECT LINE

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FOR THE TICK TACK VOTE."

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AND THEY SAID, "DID YOU JUST SAY

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TICK TACK?"

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AND SHE SAID, "YOU'RE GOING TO

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LOVE IT."

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AND THEY SAID, "AGAIN, DID YOU

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SAY TICK TACK?"

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AND SHE SAID, "IT'S A WINNER.

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IT'S A WINNER," THEN MARCHED TO

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THE FLOOR AND ALIENATED EVERY

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AMERICAN UNDER THE AGE OF 35.

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MEANWHILE, ACROSS THE AISLE IN

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THE HOUSE, REPUBLICANS HAVE BEEN

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IN DISARRAY.

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COLORADO'S KEN BUCK BECAME THE

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LATEST CONGRESSMAN TO RESIGN,

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AND HE DOESN'T SEEM THAT SAD TO

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BE GOING, GIVEN HOW HE SUMMED UP

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THE MOOD OF THE PLACE.

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>> IT IS THE WORST YEAR OF THE

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NINE YEARS AND THREE MONTHS THAT

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I'VE BEEN IN CONGRESS.

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AND HAVING TALKED TO FORMER

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MEMBERS, IT'S THE WORST YEAR IN

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40, 50 YEARS TO BE IN CONGRESS.

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>> John: THAT IS NOT GREAT!

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FOR ONE THING, THE LAST 40,50

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YEARS INCLUDED 9/11 AND JANUARY

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6TH, TWO MOMENTS IN AMERICAN

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HISTORY SO BAD, THEY RUINED

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THEIR DATES ENTIRELY.

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STILL, I GET THE DESIRE TO LEAVE

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CONGRESS IS PATHETIC RIGHT NOW,

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PASSING JUST 27 BILLS INTO LAW

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LAST YEAR, MAKING THIS SESSION

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THE LEAST PRODUCTIVE IN DECADES.

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AND BUCK HAS BEEN THERE A LONG

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TIME.

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I KNOW 2015 DOESN'T SEEM LIKE A

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LONG TIME AGO, BUT YOU KNOW WHAT

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HAPPENED BACK THEN?

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LEFT SHARK.

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YEAH.

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DO YOU REMEMBER A TIME WHEN WE

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COULD ALL COLLECTIVELY CELEBRATE

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THE JOYFUL STUPIDITY OF

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SOMETHING LIKE LEFT SHARK, AS A

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COMMUNITY?

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COULD YOU EVEN IMAGINE SEEING

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LEFT SHARK TODAY AND SAYING "I

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LOVE THIS THING," WITHOUT

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IMMEDIATELY WORRYING THAT YOU'D

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SEE HEADLINES THE NEXT DAY LIKE

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"THE INSIDIOUS NATURE OF LEFT

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SHARK PRIVILEGE" OR "LEFT

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SHARK'S OVERALL DEAL AT AMAZON

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IN JEOPARDY AFTER ANTI-VAX

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CLAIMS" OR "LEAKED FLIGHT LOGS

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REVEAL LEFT SHARK TOOK 75 TRIPS

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ON THE LOLITA EXPRESS?"

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WE DIDN'T WORRY ABOUT ANY OF

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THAT STUFF BACK THEN, WE JUST

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LOOKED AT LEFT SHARK AND SAID

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"YES."

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THAT'S HOW LONG KEN BUCK'S BEEN

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HAVING A BAD TIME IN CONGRESS.

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AND HIS DEPARTURE'S SYMBOLIC OF

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A LARGER DISCONTENT WITHIN HIS

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PARTY, THOUGH LUCKILY FOR HOUSE

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REPUBLICANS, THEY HAD A RETREAT

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THIS WEEK.

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A CHANCE TO MEND FENCES AND COME

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TOGETHER.

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BUT THERE WAS A HITCH.

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>> FEWER THAN 100 MEMBERS ARE

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EVEN ATTENDING THE EVENT.

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THAT'S LESS THAN HALF OF THE

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CONFERENCE.

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ONE LAWMAKER TELLING AXIOS,

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QUOTE, "I'D RATHER SIT DOWN WITH

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HANNIBAL LECTER AND EAT MY OWN

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LIVER."

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>> John: WOW.

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NOW, THERE'S NOTHING WRONG WITH

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NOT WANTING TO HANG OUT

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RECREATIONALLY WITH YOUR

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COWORKERS, BUT YOU MUST REALLY

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WANT TO AVOID AN EVENT IF YOUR

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ANSWER EXPANDS BEYOND "NO."

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AT A CERTAIN POINT, MORE DETAILS

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BECOME HURTFUL, THAT'S WHY EVERY

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WEDDING RSVP DOESN'T READ WILL

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ATTEND, WILL NOT ATTEND, AND

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WILL NOT ATTEND BECAUSE I'D

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RATHER BE THE MIDDLE PART OF A

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HUMAN CENTIPEDE.

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AND THE HANNIBAL LECTER EXCUSE

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WASN'T THE ONLY ELABORATE "NO."

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FOR INSTANCE, CARLOS GIMENEZ

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TOLD A REPORTER HE WOULDN'T BE

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COMING BECAUSE "HE'D ALREADY

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BOUGHT THE MATERIAL TO CLEAN HIS

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BOAT THIS WEEK."

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WHICH MAKES SENSE.

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WE ALL KNOW HOW IMPORTANT IT IS

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TO USE BOAT CLEANER BEFORE IT

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EXPIRES.

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BUT LAWMAKERS DIDN'T JUST SKIP

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THE EVENT BECAUSE THEIR

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COWORKERS ARE, BROADLY SPEAKING,

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A BAD HANG.

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THERE WAS ALSO GRUMBLING THAT,

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INSTEAD OF THE USUAL RETREAT

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DESTINATION OF FLORIDA, MIKE

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JOHNSON PICKED THE GREENBRIER IN

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WEST VIRGINIA, WHOSE RECENT

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REVIEWS ONLINE ARE, AT BEST,

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MIXED, WITH TRAVELERS

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COMPLAINING THAT "GREENBRIER IS

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SAD," "THE BED AND PILLOWS WERE

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AMONG THE WORST WE'VE

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EXPERIENCED," AND ONE SIMPLY

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LABELED, "DON'T DO IT."

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THERE'S ALSO THIS PHOTO ON THEIR

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WEBSITE RIGHT NOW, WHICH LOOKS

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LIKE THE LAST THING YOU SEE

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BEFORE BEING BRUTALLY MURDERED

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AT AN ABANDONED CADBURY FACTORY.

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THAT LOOKS LIKE THE WES ANDERSON

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REMAKE OF "THE SHINING."

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ALTHOUGH I WILL SAY: THERE IS

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ONE AMAZING FEATURE UNDER THAT

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RESORT THAT MAKES IT A PERFECT

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SETTING FOR A PARTY IN CRISIS.

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>> DURING THE COLD WAR, IN CASE

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OF A NUCLEAR DISASTER, THIS IS

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WHERE OUR HOUSE AND SENATE WOULD

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HAVE RELOCATED TO, TO CONTINUE

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DOING THEIR JOB.

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>> WOW, HOW HEAVY IS THIS DOOR?

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>> THIS DOOR IS ACTUALLY 18

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TONS.

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>> THIS WAS A DORMITORY WITH 60

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TO 65 BEDS.

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AND THERE WOULD ALSO BE RIOT

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GEAR.

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>> THE RIOT GEAR IS TO PROTECT

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THE PEOPLE IN HERE FROM EACH

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OTHER?

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>> FROM EACH OTHER.

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>> John: YEAH.

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IT SAYS A LOT ABOUT YOUR OPINION

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OF THE PEOPLE IN CHARGE OF THE

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GOVERNMENT -- THE ONES THOSE

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PLANNERS WERE EXPRESSLY TRYING

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TO SAVE -- THAT THEY THOUGHT

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THAT IF LEFT IN AN ENCLOSED

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SPACE FOR AN INDETERMINATE

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AMOUNT OF TIME, THEY'D

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INEVITABLY MURDER EACH OTHER.

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LOOK, IT'S PRETTY CLEAR HOUSE

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REPUBLICANS NEED TO BE REMINDED

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THERE ARE BIGGER THINGS THAN

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THEMSELVES, AND THAT THERE'S A

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LOT AT STAKE HERE.

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AND MAYBE WHAT MIKE JOHNSON

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NEEDS IS TO FIND A WAY TO GET

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THE ENTIRE PARTY TO THAT RESORT,

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HEAD DOWN TO THE BUNKER, AND

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STEP THROUGH THAT 18 TON DOOR SO

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THEY CAN MARVEL AT THE WEIGHT OF

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THEIR ROLE IN RESTORING ORDER TO

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A WORLD GONE MAD.

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AND THEN, WHILE THEY DO THAT,

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THE REST OF US CAN CLOSE THAT

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FUCKING DOOR BEHIND THEM AND

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RUN.

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I DON'T WANT TO SAY IT'S A

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PERFECT PLAN, BUT I WILL SAY,

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TIC TAC TOE, IT'S A WINNER.

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A WINNER.

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AND NOW THIS.

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>> Announcer: AND NOW,

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COMING UP ON "INSIDE EDITION."

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>> NEXT, THE MOM WRONGLY ACCUSED

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OF CHILD TRAFFICKING.

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>> IS THIS YOUR CHILD?

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>> SAYING SHE'S SWINDLED BY THE

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PICKLE BULKING.

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>> PLUS, AND WHAT HAPPENED TO

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NICOLE KIDMAN'S KNEE?

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PLUS, GIVE ME BACK MY DOG AND

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OPENING-NIGHT MISHAP AT THE

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SPONGEBOB MUSIC AWARDS!

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AND YOU WON'T BELIEVE WHAT'S

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TRAPPED INSIDE THIS SHIPPING

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CONTAINER.

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>> IT SCRATCHING, DUDE!

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>> PLUS, WARTHOGS, HOW DANGEROUS

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ARE THEY?

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AND CLAW MACHINE RESCUE.

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AND DUDE, WHERE'S YOUR PANTS?

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PLUS.

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THEN, COLLEGE STUDENTS WHO WANT

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TO LOOK HOT.

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PLUS, PUT A RING ON IT IF YOU

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DARE.

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AND WATCH OUT BY!

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AND!

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>> LITTLE GOLDEN GIRLS

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SENSATION.

258
00:07:42,700 --> 00:07:44,866
>> WHY EVERYONE IS SAYING SHE

259
00:07:44,933 --> 00:07:46,133
LOOKS LIKE ONE OF

260
00:07:46,200 --> 00:07:46,566
"THE GOLDEN GIRLS"!

261
00:07:46,633 --> 00:07:48,300
♪ ♪

262
00:07:48,366 --> 00:07:48,966
>> John: MOVING ON.

263
00:07:49,033 --> 00:07:49,600
OUR MAIN STORY TONIGHT CONCERNS

264
00:07:49,666 --> 00:07:50,066
STUDENT LOANS.

265
00:07:50,133 --> 00:07:50,633
THE BIGGEST THING YOU LEAVE

266
00:07:50,700 --> 00:07:51,233
COLLEGE WITH BESIDES A DIPLOMA

267
00:07:51,300 --> 00:07:54,266
AND A DRINKING PROBLEM.

268
00:07:54,332 --> 00:07:55,900
STUDENT DEBT IS SUCH A MASSIVE

269
00:07:55,966 --> 00:07:57,266
ISSUE IN THIS COUNTRY THAT A FEW

270
00:07:57,332 --> 00:07:59,800
YEARS AGO, BURGER KING HAD A

271
00:07:59,866 --> 00:08:00,966
PROGRAM DUBBED "WHOPPER LOANS"

272
00:08:01,066 --> 00:08:02,000
WHERE LUCKY PEOPLE COULD GET UP

273
00:08:02,100 --> 00:08:03,300
TO $500 OF THEIR LOANS REPAID,

274
00:08:03,366 --> 00:08:05,266
WHICH THEY PROMOTED WITH VIDEO

275
00:08:05,333 --> 00:08:06,166
OF THEIR MASCOT INCINERATING

276
00:08:06,233 --> 00:08:09,333
LOANS WITH A FLAMETHROWER.

277
00:08:09,400 --> 00:08:09,933
AND JUST THE YEAR BEFORE, KFC

278
00:08:10,000 --> 00:08:11,533
DID THIS.

279
00:08:11,600 --> 00:08:13,100
>> IF YOU NAME YOUR BABY

280
00:08:13,166 --> 00:08:14,333
HARLAND, YOU COULD WIN $11,000

281
00:08:14,400 --> 00:08:16,033
IN COLLEGE TUITION.

282
00:08:16,100 --> 00:08:18,700
ALL PART OF A CONTEST BY KFC TO

283
00:08:18,766 --> 00:08:19,400
HONOR ITS FOUNDER, COLONEL

284
00:08:19,466 --> 00:08:21,033
HARLAND SANDERS.

285
00:08:21,100 --> 00:08:22,800
THE CHAIN WILL GIVE THE PRIZE TO

286
00:08:22,866 --> 00:08:23,733
THE FIRST BABY BORN ON SEPTEMBER

287
00:08:23,800 --> 00:08:25,200
9TH NAMED HARLAND.

288
00:08:25,266 --> 00:08:26,566
SEPTEMBER 9TH WAS THE COLONEL'S

289
00:08:26,633 --> 00:08:28,800
BIRTHDAY AND THE $11,000 IS A

290
00:08:28,866 --> 00:08:29,300
NOD TO HIS CHICKEN'S --

291
00:08:29,366 --> 00:08:30,500
[LAUGHS]

292
00:08:30,566 --> 00:08:33,165
11 HERBS AND SPICES.

293
00:08:33,265 --> 00:08:34,200
>> John: OKAY, FIRST, THAT LAUGH

294
00:08:34,299 --> 00:08:35,700
IS DELIGHTFUL.

295
00:08:35,799 --> 00:08:37,066
BUT ALSO, SOMEONE ACTUALLY DID

296
00:08:37,133 --> 00:08:39,265
IT!

297
00:08:39,332 --> 00:08:40,765
THEY NAMED THEIR BABY HARLAND

298
00:08:40,832 --> 00:08:42,200
FOR $11,000 IN COLLEGE TUITION

299
00:08:42,265 --> 00:08:43,633
MONEY.

300
00:08:43,700 --> 00:08:44,933
WHICH IS DARK, BUT TO BE FAIR,

301
00:08:45,000 --> 00:08:45,665
"HARLAND"'S NOT THE WORST BABY

302
00:08:45,733 --> 00:08:50,200
NAME.

303
00:08:50,266 --> 00:08:51,833
THE WORST NAME WOULD BE "DEREK."

304
00:08:51,900 --> 00:08:52,466
THINK ABOUT IT, YOU SAW A BABY

305
00:08:52,533 --> 00:08:53,066
WITH CHEEKS LIKE CLOUDS AND AN

306
00:08:53,133 --> 00:08:54,233
INNOCENCE UNPARALLELED AND YOU

307
00:08:54,300 --> 00:08:55,633
THOUGHT "THAT'S DEREK."

308
00:08:55,700 --> 00:08:56,266
"THAT'S MY LITTLE SECOND STRING

309
00:08:56,333 --> 00:08:57,800
LACROSSE PLAYER."

310
00:08:57,866 --> 00:08:58,833
"I CAN'T WAIT TO HOLD THAT

311
00:08:58,900 --> 00:09:00,133
JUNIOR SALES ASSOCIATE IN MY

312
00:09:00,200 --> 00:09:02,233
ARMS."

313
00:09:02,300 --> 00:09:05,566
BUT AS WILD AS THOSE OFFERS ARE,

314
00:09:05,633 --> 00:09:06,066
YOU CAN SEE THE APPEAL.

315
00:09:06,133 --> 00:09:07,100
CURRENTLY, OVER 43 MILLION

316
00:09:07,200 --> 00:09:10,000
AMERICANS HAVE STUDENT LOANS.

317
00:09:10,066 --> 00:09:11,733
THAT'S ABOUT 13% OF THE U.S.

318
00:09:11,800 --> 00:09:12,333
POPULATION, FOR A TOTAL

319
00:09:12,400 --> 00:09:14,000
OUTSTANDING DEBT OF 1.7 TRILLION

320
00:09:14,066 --> 00:09:16,733
DOLLARS.

321
00:09:16,800 --> 00:09:17,333
THAT'S HIGHER THAN THE GDP OF

322
00:09:17,400 --> 00:09:21,333
AUSTRALIA!

323
00:09:21,400 --> 00:09:22,633
ONE OF THE COUNTRIES YOU KNOW.

324
00:09:22,700 --> 00:09:23,633
SOMETIMES TO ILLUSTRATE A POINT,

325
00:09:23,700 --> 00:09:25,000
I HAVE TO USE A COUNTRY LIKE

326
00:09:25,066 --> 00:09:26,133
ESTONIA AND YOU HAVE TO INFER

327
00:09:26,200 --> 00:09:27,166
FROM MY TONE WHETHER THAT MEANS

328
00:09:27,233 --> 00:09:28,700
A NUMBER'S BIG OR NOT.

329
00:09:28,766 --> 00:09:29,633
AND NOW, BECAUSE I'VE

330
00:09:29,700 --> 00:09:30,800
SUCCESSFULLY TRAUMATIZED YOU

331
00:09:30,866 --> 00:09:32,266
OVER THE YEARS, YOU'RE PROBABLY

332
00:09:32,333 --> 00:09:33,033
WONDERING -- IS THAT REALLY

333
00:09:33,100 --> 00:09:35,200
ESTONIA?

334
00:09:35,266 --> 00:09:36,100
I DON'T KNOW, YOU TELL ME.

335
00:09:36,165 --> 00:09:37,600
MAYBE YOU SHOULD'VE PAID MORE

336
00:09:37,665 --> 00:09:39,000
ATTENTION AT THAT SCHOOL YOU

337
00:09:39,066 --> 00:09:42,333
PAID SO MUCH FUCKIN' MONEY FOR.

338
00:09:42,433 --> 00:09:43,733
AND FOR MANY STRUGGLING TO PAY

339
00:09:43,800 --> 00:09:44,600
THEIR STUDENT LOANS, THE DEBT

340
00:09:44,665 --> 00:09:46,500
CAN FEEL OVERWHELMING.

341
00:09:46,566 --> 00:09:49,633
>> I STARTED WITH $80,000.

342
00:09:49,700 --> 00:09:51,500
I HAVE BEEN PAYING FOR 10 YEARS.

343
00:09:51,566 --> 00:09:55,433
THE GRAND TOTAL IS I HAVE PAID

344
00:09:55,500 --> 00:09:59,500
$120,000 AND I STILL OWE $76.

345
00:09:59,566 --> 00:10:04,633
HOW THE FUCK IS THIS POSSIBLE?

346
00:10:04,700 --> 00:10:05,266
>> John: THAT'S THE APPROPRIATE

347
00:10:05,333 --> 00:10:06,166
RESPONSE!

348
00:10:06,233 --> 00:10:07,900
NO ONE SHOULD BE WORKING FOR TEN

349
00:10:07,966 --> 00:10:09,900
YEARS ONLY TO END UP WORSE OFF

350
00:10:09,966 --> 00:10:10,566
THAN WHEN THEY STARTED.

351
00:10:10,633 --> 00:10:11,966
I MEAN, PHYSICALLY WORSE, SURE.

352
00:10:12,033 --> 00:10:17,866
THAT IS A GIVEN.

353
00:10:17,933 --> 00:10:18,500
IT'S COMPLETELY UNDERSTANDABLE.

354
00:10:18,566 --> 00:10:19,033
A

355
00:10:19,100 --> 00:10:19,466
BUT NOT FINANCIALLY.

356
00:10:19,533 --> 00:10:20,033
NOW, YOU MIGHT REMEMBER, JOE

357
00:10:20,100 --> 00:10:20,600
BIDEN CAMPAIGNED ON TACKLING

358
00:10:20,666 --> 00:10:20,933
STUDENT DEBT.

359
00:10:21,000 --> 00:10:21,566
BUT HIS MOST AMBITIOUS PLAN, TO

360
00:10:21,633 --> 00:10:24,966
WIPE OUT OVER $400 BILLION OF

361
00:10:25,033 --> 00:10:25,500
IT, WAS STRUCK DOWN BY THE

362
00:10:25,566 --> 00:10:26,200
SUPREME COURT LAST SUMMER.

363
00:10:26,266 --> 00:10:27,900
ANOTHER BANGER DECISION FROM THE

364
00:10:27,966 --> 00:10:29,166
GAVEL GANG, WHO ARE REALLY

365
00:10:29,233 --> 00:10:34,333
PLAYING THE HITS THESE DAYS.

366
00:10:34,400 --> 00:10:34,966
HONESTLY, YOU GUYS SHOULD REALLY

367
00:10:35,033 --> 00:10:35,600
TAKE THIS SHOW ON THE ROAD, AND

368
00:10:35,665 --> 00:10:36,233
IF YOU DO, I'VE GOT THE PERFECT

369
00:10:36,300 --> 00:10:37,200
TOUR BUS.

370
00:10:37,266 --> 00:10:38,766
FOR ANOTHER 48 HOURS, IT CAN BE

371
00:10:38,833 --> 00:10:39,933
YOURS.

372
00:10:40,000 --> 00:10:40,966
WELL, ONE OF YOURS.

373
00:10:41,033 --> 00:10:43,600
IF THE REST OF YOU GET INVITED

374
00:10:43,665 --> 00:10:45,100
IS KIND OF UP TO HIM.

375
00:10:45,165 --> 00:10:45,700
AND FOR MANY ON THE RIGHT, THE

376
00:10:45,766 --> 00:10:47,266
COURT'S DECISION WAS A GOOD

377
00:10:47,333 --> 00:10:48,400
THING, BECAUSE ALL ALONG, THE

378
00:10:48,500 --> 00:10:50,766
VERY IDEA OF COLLEGE LOANS

379
00:10:50,833 --> 00:10:51,366
GETTING FORGIVEN HAD MADE THEM

380
00:10:51,433 --> 00:10:53,200
FURIOUS.

381
00:10:53,266 --> 00:10:54,165
>> HE MAY PULL THE TRIGGER

382
00:10:54,233 --> 00:10:56,000
TOMORROW ON EVEN MORE STUDENT

383
00:10:56,066 --> 00:10:57,233
LOAN FORGIVINGNESS FOR

384
00:10:57,300 --> 00:10:59,633
POINTLESS, USELESS BALONEY

385
00:10:59,700 --> 00:11:01,333
LIBERAL ARTS DEGREES LIKE THE

386
00:11:01,400 --> 00:11:02,866
CULTURAL SIGNIFICANCE OF SOAP

387
00:11:02,933 --> 00:11:04,166
OPERAS.

388
00:11:04,233 --> 00:11:04,766
>> WHY STOP AT STUDENT LOANS?

389
00:11:04,833 --> 00:11:05,933
WHY NOT PAY OFF PEOPLE'S CAR

390
00:11:06,000 --> 00:11:08,166
LOANS, THEIR HOME LOANS, THEIR

391
00:11:08,233 --> 00:11:09,400
LOANS TO GET A TATTOO?

392
00:11:09,466 --> 00:11:10,633
>> WHY SHOULD I HAVE TO PAY FOR

393
00:11:10,700 --> 00:11:13,933
MY NEIGHBOR'S DUMB DAUGHTER WHO

394
00:11:14,000 --> 00:11:15,866
WENT TO, I DON'T KNOW, GRAD

395
00:11:15,933 --> 00:11:18,133
SCHOOL FOR ANTHROPOLOGY, WHO

396
00:11:18,200 --> 00:11:19,733
JUST BACKED HER CAR INTO MY CAR

397
00:11:19,800 --> 00:11:22,133
AND DIDN'T LEAVE A NOTE?

398
00:11:22,233 --> 00:11:22,800
UH-UH, I'M NOT PAYING FOR THAT.

399
00:11:22,866 --> 00:11:24,600
>> John: WOW.

400
00:11:24,666 --> 00:11:25,700
WHAT A BUNCH OF WEIRD MADE-UP

401
00:11:25,766 --> 00:11:27,233
BULLSHIT FOLLOWED BY ONE THING

402
00:11:27,300 --> 00:11:30,266
THAT DEFINITELY DID HAPPEN.

403
00:11:30,333 --> 00:11:31,100
I'LL BE HONEST -- I'D NEVER

404
00:11:31,166 --> 00:11:33,300
CONSIDERED HOW THAT CUFFLINK OF

405
00:11:33,366 --> 00:11:33,900
A MAN HAS NEIGHBORS.

406
00:11:33,966 --> 00:11:36,533
HE LIVES IN A COMMUNITY, AMONG

407
00:11:36,600 --> 00:11:37,133
PEOPLE WHO HAVE TO SEE HIM ON

408
00:11:37,200 --> 00:11:38,600
THE STREET AND AT THE STORE.

409
00:11:38,665 --> 00:11:39,533
AND YET HE THINKS SOMEONE HIT

410
00:11:39,600 --> 00:11:42,000
HIS CAR BY MISTAKE?

411
00:11:42,066 --> 00:11:43,300
AND THAT THERE'S ONLY ONE

412
00:11:43,366 --> 00:11:44,300
SUSPECT?

413
00:11:44,366 --> 00:11:45,100
THAT'S ABSURD!

414
00:11:45,165 --> 00:11:46,866
THE WHOLE TOWN PROBABLY TAKES

415
00:11:46,933 --> 00:11:49,900
TURNS DRIVING INTO HIS CAR!

416
00:11:49,966 --> 00:11:50,466
ALSO, FOR THE RECORD, JESSE

417
00:11:50,533 --> 00:11:51,833
WATERS WENT TO A PRIVATE LIBERAL

418
00:11:51,900 --> 00:11:53,633
ARTS COLLEGE IN CONNECTICUT.

419
00:11:53,733 --> 00:11:54,733
WHICH SHOULDN'T BE SURPRISING.

420
00:11:54,833 --> 00:11:55,500
THAT'S THE MOST CONNECTICUT

421
00:11:55,600 --> 00:11:59,033
BITCH FACE I'VE EVER SEEN.

422
00:11:59,100 --> 00:12:01,266
SEASON FIVE RORY GILMORE WOULD

423
00:12:01,333 --> 00:12:02,233
HAVE WRECKED HER WHOLE LIFE FOR

424
00:12:02,300 --> 00:12:04,200
HIM.

425
00:12:04,266 --> 00:12:06,000
BUT FOR ALL THE SCORN HEAPED ON

426
00:12:06,066 --> 00:12:07,100
PEOPLE WHO TOOK ON STUDENT DEBT,

427
00:12:07,166 --> 00:12:08,133
IT'S WORTH NOTING THIS NUMBER

428
00:12:08,200 --> 00:12:08,766
ONLY GOT SO BIG BECAUSE OF A LOT

429
00:12:08,833 --> 00:12:09,900
OF SHORTSIGHTED POLICY CHOICES

430
00:12:09,966 --> 00:12:10,933
OVER THE YEARS.

431
00:12:11,000 --> 00:12:13,233
IN FACT, ONE OF THE ORIGINAL

432
00:12:13,300 --> 00:12:15,466
ARCHITECTS OF THE FEDERAL LOAN

433
00:12:15,533 --> 00:12:16,300
PROGRAM BACK IN THE '60s WAS

434
00:12:16,366 --> 00:12:18,100
ASKED A FEW YEARS AGO HOW SHE

435
00:12:18,166 --> 00:12:19,733
THOUGHT HER PROPOSAL TURNED OUT.

436
00:12:19,800 --> 00:12:20,500
AND SHE SAID, QUOTE, "WE

437
00:12:20,566 --> 00:12:22,433
UNLEASHED A MONSTER."

438
00:12:22,500 --> 00:12:24,766
SO GIVEN THAT, TONIGHT, LET'S

439
00:12:24,833 --> 00:12:26,166
LOOK AT THAT MONSTER, HOW IT GOT

440
00:12:26,233 --> 00:12:27,433
SO BIG, AND WHAT WE CAN DO ABOUT

441
00:12:27,533 --> 00:12:28,700
IT.

442
00:12:28,800 --> 00:12:29,333
AND LET'S START WITH HOW WE GOT

443
00:12:29,433 --> 00:12:30,900
HERE.

444
00:12:30,966 --> 00:12:32,100
BECAUSE THERE'S TWO KEY ISSUES

445
00:12:32,165 --> 00:12:34,366
THAT GOT US INTO THIS MESS: THE

446
00:12:34,433 --> 00:12:34,900
FIRST IS THE LOAN PROGRAM

447
00:12:34,966 --> 00:12:36,800
ITSELF.

448
00:12:36,866 --> 00:12:37,333
FEDERAL MONEY FOR HIGHER

449
00:12:37,400 --> 00:12:38,366
EDUCATION REALLY STARTED WITH

450
00:12:38,433 --> 00:12:38,933
THE INTRODUCTION OF THE G.I.

451
00:12:39,000 --> 00:12:39,900
BILL.

452
00:12:39,966 --> 00:12:41,533
FOR YEARS AFTER IT, LAWMAKERS

453
00:12:41,600 --> 00:12:44,165
ARGUED UNSUCCESSFULLY FOR MORE

454
00:12:44,233 --> 00:12:46,266
FEDERAL FUNDING FOR EDUCATION.

455
00:12:46,333 --> 00:12:47,433
THEN, SPUTNIK HAPPENED, AND

456
00:12:47,500 --> 00:12:48,900
SUDDENLY, EVERYONE FROM

457
00:12:48,966 --> 00:12:50,333
EISENHOWER ON DOWN DECIDED THAT

458
00:12:50,400 --> 00:12:52,665
SCIENTIFIC EDUCATION WAS KEY TO

459
00:12:52,733 --> 00:12:53,665
KEEPING UP WITH RUSSIA.

460
00:12:53,733 --> 00:12:57,033
EISENHOWER SIGNED THE NATIONAL

461
00:12:57,100 --> 00:12:57,600
DEFENSE EDUCATION ACT, WHICH

462
00:12:57,665 --> 00:12:58,665
CREATED THE FIRST LOAN PROGRAM

463
00:12:58,733 --> 00:13:01,566
FOR STUDENTS WHO WANTED TO STUDY

464
00:13:01,666 --> 00:13:02,466
MATH, SCIENCE, AND ENGINEERING.

465
00:13:02,533 --> 00:13:04,233
AND OVER THE YEARS, ONE

466
00:13:04,300 --> 00:13:04,866
PRESIDENT AFTER ANOTHER EXPANDED

467
00:13:04,933 --> 00:13:06,900
THE PROGRAM.

468
00:13:06,966 --> 00:13:08,066
LBJ OPENED UP LENDING TO MORE

469
00:13:08,133 --> 00:13:10,366
PEOPLE, REGARDLESS OF THEIR AREA

470
00:13:10,433 --> 00:13:12,833
OF STUDY, NIXON LAUNCHED PELL

471
00:13:12,900 --> 00:13:14,033
GRANTS AND CREATED "SALLIE MAE."

472
00:13:14,100 --> 00:13:15,200
AND CLINTON STARTED THE PROCESS

473
00:13:15,266 --> 00:13:17,900
OF SHIFTING AWAY FROM BANKS

474
00:13:17,966 --> 00:13:19,066
ISSUING STUDENT LOANS, TO HAVING

475
00:13:19,133 --> 00:13:20,400
THEM COME DIRECTLY FROM THE

476
00:13:20,466 --> 00:13:22,466
GOVERNMENT, ALL WHILE PUSHING

477
00:13:22,533 --> 00:13:24,633
REPAYMENT IDEAS LIKE THIS.

478
00:13:24,700 --> 00:13:25,900
>> THE DEMOCRATS OUGHT TO BE FOR

479
00:13:25,966 --> 00:13:26,566
A PROGRAM THAT GIVES EVERY

480
00:13:26,633 --> 00:13:28,100
AMERICAN PERSON THE CHANCE TO GO

481
00:13:28,166 --> 00:13:30,300
TO COLLEGE AND HELP FOR

482
00:13:30,366 --> 00:13:31,700
EVERYBODY WHO NEEDS IT, AND THEY

483
00:13:31,766 --> 00:13:32,566
SHOULD PAY THE MONEY BACK IN ONE

484
00:13:32,633 --> 00:13:33,866
OF TWO WAYS.

485
00:13:33,933 --> 00:13:35,665
EITHER AS A SMALL PERCENTAGE OF

486
00:13:35,733 --> 00:13:37,000
THEIR INCOME OVER A LONG PERIOD

487
00:13:37,066 --> 00:13:38,700
OF TIME, OR BY GIVING THREE OR

488
00:13:38,766 --> 00:13:40,133
FOUR YEARS OF THEIR LIVES BACK

489
00:13:40,200 --> 00:13:41,233
TO THEIR COUNTRY THROUGH

490
00:13:41,300 --> 00:13:42,366
NATIONAL SERVICE AS TEACHERS, OR

491
00:13:42,433 --> 00:13:43,665
POLICEMEN, OR FAMILY SERVICE

492
00:13:43,733 --> 00:13:46,100
WORKERS!

493
00:13:46,165 --> 00:13:47,333
>> John: SOUNDS GOOD!

494
00:13:47,400 --> 00:13:48,333
IN EXCHANGE FOR AN EDUCATION,

495
00:13:48,400 --> 00:13:50,033
GRADUATES COULD GIVE BACK BY

496
00:13:50,100 --> 00:13:51,533
DOING TWO OF THE HARDEST JOBS I

497
00:13:51,600 --> 00:13:53,100
CAN IMAGINE, AND ONE THAT'S

498
00:13:53,165 --> 00:13:54,233
MOSTLY STARING AT YOUR PHONE IN

499
00:13:54,300 --> 00:13:56,900
THE NEW YORK SUBWAY.

500
00:13:56,966 --> 00:13:58,700
UNDER CLINTON, AND LATER BUSH,

501
00:13:58,766 --> 00:14:00,600
WE ACTUALLY PASSED VERSIONS OF

502
00:14:00,666 --> 00:14:01,400
THAT PROPOSAL, PEGGING STUDENT

503
00:14:01,466 --> 00:14:03,033
LOAN REPAYMENT TO INCOME OR

504
00:14:03,100 --> 00:14:04,700
NATIONAL SERVICE.

505
00:14:04,766 --> 00:14:06,033
AND SOME OF THESE TWEAKS

506
00:14:06,100 --> 00:14:07,633
GENUINELY HAD THE GOAL OF MAKING

507
00:14:07,733 --> 00:14:09,166
ACCESS TO EDUCATION EASIER.

508
00:14:09,266 --> 00:14:11,966
BUT THE ONLY THING THEY

509
00:14:12,033 --> 00:14:13,033
DEFINITELY MADE EASIER WAS

510
00:14:13,100 --> 00:14:13,633
ENSURING THAT ANYONE GOING TO

511
00:14:13,700 --> 00:14:14,866
COLLEGE COULD NOW ACCESS AN

512
00:14:14,933 --> 00:14:16,400
ABSOLUTELY MASSIVE LINE OF

513
00:14:16,466 --> 00:14:17,800
CREDIT.

514
00:14:17,866 --> 00:14:19,300
AND THEORETICALLY, THAT WOULD

515
00:14:19,366 --> 00:14:20,400
HAVE BEEN MANAGEABLE, SO LONG AS

516
00:14:20,466 --> 00:14:21,333
THE PRICE OF COLLEGE DIDN'T GET

517
00:14:21,400 --> 00:14:23,900
OUT OF HAND.

518
00:14:23,966 --> 00:14:25,000
BUT THAT BRINGS US TO THE SECOND

519
00:14:25,066 --> 00:14:26,566
ISSUE.

520
00:14:26,633 --> 00:14:28,266
BECAUSE UP UNTIL THE PANDEMIC,

521
00:14:28,333 --> 00:14:29,300
WHICH BROUGHT TUITION FREEZES,

522
00:14:29,366 --> 00:14:34,133
THE PRICE OF AN EDUCATION CREPT

523
00:14:34,200 --> 00:14:36,033
STEADILY UP OVER THE YEARS.

524
00:14:36,100 --> 00:14:38,833
IT'S NOW AT THE POINT WHERE THE

525
00:14:38,900 --> 00:14:39,933
AVERAGE NET COST OF ATTENDANCE

526
00:14:40,000 --> 00:14:40,733
FOR IN-STATE STUDENTS AT PUBLIC

527
00:14:40,833 --> 00:14:41,266
SCHOOLS -- THAT'S AFTER

528
00:14:41,333 --> 00:14:41,833
SUBTRACTING FINANCIAL AID AND

529
00:14:41,933 --> 00:14:45,066
GRANTS, AND ADDING IN COSTS FOR

530
00:14:45,133 --> 00:14:45,665
THINGS LIKE HOUSING, FOOD, AND

531
00:14:45,733 --> 00:14:46,266
BOOKS -- IS AROUND $20,000 PER

532
00:14:46,333 --> 00:14:47,966
YEAR.

533
00:14:48,033 --> 00:14:49,500
AND WHILE A LOT OF FACTORS

534
00:14:49,566 --> 00:14:50,833
CONTRIBUTED TO THAT RISE, ONE

535
00:14:50,900 --> 00:14:51,900
KEY ONE WAS A DYNAMIC THAT

536
00:14:51,966 --> 00:14:54,000
ACCELERATED AFTER THE 2008

537
00:14:54,066 --> 00:14:55,533
FINANCIAL CRISIS, WHEN STATES

538
00:14:55,600 --> 00:14:57,366
BEGAN SLASHING FUNDING FOR

539
00:14:57,433 --> 00:14:58,266
PUBLIC COLLEGES AND

540
00:14:58,333 --> 00:15:00,700
UNIVERSITIES, WHERE THE VAST

541
00:15:00,766 --> 00:15:02,200
MAJORITY OF U.S. STUDENTS GO.

542
00:15:02,266 --> 00:15:03,666
UNDERSTANDABLY, THOSE DECLINES

543
00:15:03,733 --> 00:15:06,300
IN FUNDING WERE FOLLOWED BY

544
00:15:06,366 --> 00:15:07,166
LARGE INCREASES IN TUITION AND

545
00:15:07,233 --> 00:15:10,966
FEES TO COVER THE GAP.

546
00:15:11,033 --> 00:15:11,600
HERE'S THE FORMER HEAD OF LSU IN

547
00:15:11,666 --> 00:15:13,266
2016, EXPLAINING HOW, IN JUST A

548
00:15:13,333 --> 00:15:16,666
FEW SHORT YEARS, THE RATIO OF

549
00:15:16,733 --> 00:15:18,100
WHAT THE GOVERNMENT PAYS TO WHAT

550
00:15:18,166 --> 00:15:19,466
STUDENTS PAY HAD SHIFTED THERE.

551
00:15:19,533 --> 00:15:21,300
>> I'D SAY IN '08, WE WERE

552
00:15:21,366 --> 00:15:24,000
70-30, 70% STATE, 30% STUDENT.

553
00:15:24,066 --> 00:15:26,533
WE'RE 80-20 RIGHT NOW.

554
00:15:26,600 --> 00:15:28,566
80% STUDENT, 20% STATE.

555
00:15:28,633 --> 00:15:30,166
WE'RE QUIETLY PRIVATIZING PUBLIC

556
00:15:30,233 --> 00:15:30,800
HIGHER EDUCATION THROUGHOUT THE

557
00:15:30,866 --> 00:15:31,933
COUNTRY.

558
00:15:32,000 --> 00:15:32,833
THE CHILDREN IN ELEMENTARY

559
00:15:32,900 --> 00:15:34,533
SCHOOL ARE NOT GOING TO HAVE A

560
00:15:34,600 --> 00:15:35,900
PUBLIC AFFORDABLE OPTION BY THE

561
00:15:35,966 --> 00:15:36,433
TIME THEY GET OUT OF HIGH

562
00:15:36,500 --> 00:15:37,266
SCHOOL.

563
00:15:37,333 --> 00:15:38,733
>> John: IT'S TRUE!

564
00:15:38,800 --> 00:15:39,533
AND YOU CAN ADD THAT TO THE LIST

565
00:15:39,600 --> 00:15:40,933
OF THINGS ELEMENTARY SCHOOL

566
00:15:41,000 --> 00:15:44,966
CHILDREN AREN'T GONNA HAVE BY

567
00:15:45,033 --> 00:15:45,665
THE TIME THEY'RE 18.

568
00:15:45,733 --> 00:15:46,200
THE LIST IS NOW AFFORDABLE

569
00:15:46,266 --> 00:15:47,266
PUBLIC COLLEGE, SUMMERS BELOW

570
00:15:47,333 --> 00:15:48,933
100 DEGREES, AND THEIR

571
00:15:49,033 --> 00:15:50,933
GRANDPARENTS PROBABLY.

572
00:15:51,000 --> 00:15:51,366
SORRY, KIDS!

573
00:15:51,433 --> 00:15:53,966
OLDS DIE!

574
00:15:54,033 --> 00:15:55,100
AND WHEN THAT REPORTER ASKED THE

575
00:15:55,165 --> 00:15:56,400
THEN-GOVERNOR OF LOUISIANA TO

576
00:15:56,466 --> 00:15:57,833
JUSTIFY THOSE CUTS, HIS RESPONSE

577
00:15:57,900 --> 00:16:00,133
WAS LESS THAN INSPIRING.

578
00:16:00,200 --> 00:16:01,666
>> I HAVE A CONSTITUTIONAL

579
00:16:01,733 --> 00:16:03,200
OBLIGATION TO DELIVER A BALANCED

580
00:16:03,266 --> 00:16:03,833
BUDGET AND THE CUTS HAVE TO COME

581
00:16:03,900 --> 00:16:05,866
FROM SOMEWHERE.

582
00:16:05,933 --> 00:16:06,933
SO, THE CUTS ARE COMING AT THE

583
00:16:07,000 --> 00:16:08,200
EXPENSE OF HIGHER EDUCATION AND

584
00:16:08,266 --> 00:16:10,166
ALSO AT THE EXPENSE OF STUDENTS

585
00:16:10,233 --> 00:16:11,433
IN ORDER TO KEEP THOSE

586
00:16:11,500 --> 00:16:12,733
UNIVERSITIES AFLOAT.

587
00:16:12,800 --> 00:16:13,900
>> STUDENTS HAVE ACCESS TO

588
00:16:13,966 --> 00:16:16,800
MONEY, SO DO LAWMAKERS THINK,

589
00:16:16,866 --> 00:16:18,033
WELL, WE WON'T PUT MONEY TOWARD

590
00:16:18,100 --> 00:16:18,566
THIS BECAUSE WE KNOW THAT

591
00:16:18,633 --> 00:16:19,833
STUDENTS CAN TAKE OUT DEBT AND

592
00:16:19,900 --> 00:16:20,700
PAY FOR THEIR EDUCATION THAT

593
00:16:20,800 --> 00:16:22,333
WAY?

594
00:16:22,433 --> 00:16:24,566
>> WELL, OBVIOUSLY THAT IS

595
00:16:24,633 --> 00:16:26,200
HAPPENING TO SOME DEGREE, NOT

596
00:16:26,266 --> 00:16:26,833
JUST IN LOUISIANA BUT AROUND THE

597
00:16:26,900 --> 00:16:28,300
COUNTRY, AND I FIND IT VERY

598
00:16:28,366 --> 00:16:29,766
TROUBLING.

599
00:16:29,833 --> 00:16:31,100
>> John: "YEAH, WE'RE ROBBING

600
00:16:31,166 --> 00:16:32,200
OUR CHILDREN TO PAY FOR OUR

601
00:16:32,266 --> 00:16:33,000
BUDGET."

602
00:16:33,066 --> 00:16:35,400
ON ONE HAND, I GUESS HE'S BEING

603
00:16:35,466 --> 00:16:36,200
HONEST, BUT THAT'S STILL ONE OF

604
00:16:36,266 --> 00:16:37,566
THE WORST THINGS I'VE EVER SEEN

605
00:16:37,633 --> 00:16:39,266
COME OUT OF LOUISIANA.

606
00:16:39,333 --> 00:16:40,500
WITH THE BEST, OF COURSE, BEING

607
00:16:40,566 --> 00:16:41,933
MONSIEUR JACQUES, THE STATUE OF

608
00:16:42,000 --> 00:16:42,933
A FROG IN A TOP HAT FROM THE

609
00:16:43,000 --> 00:16:44,966
CITY OF RAYNE.

610
00:16:45,033 --> 00:16:45,933
NOW, DOES IT LOOK LIKE THE

611
00:16:46,000 --> 00:16:47,000
PLACARD IN FRONT OF HIM IS

612
00:16:47,066 --> 00:16:47,665
BLOCKING HIS ENORMOUS FROG DICK?

613
00:16:47,733 --> 00:16:50,866
YES IT DOES.

614
00:16:50,933 --> 00:16:52,066
IS THERE A PHOTO WHERE IT

615
00:16:52,133 --> 00:16:54,033
DOESN'T LOOK LIKE THAT?

616
00:16:54,133 --> 00:16:57,133
NO, THERE IS NOT.

617
00:16:57,200 --> 00:16:58,233
SO PUBLIC UNIVERSITIES WERE

618
00:16:58,300 --> 00:16:58,866
STRUGGLING FOR FUNDING.

619
00:16:58,933 --> 00:17:00,966
AND MANY RESPONDED BY RAMPING UP

620
00:17:01,033 --> 00:17:01,833
SPENDING.

621
00:17:01,900 --> 00:17:03,866
WHICH MIGHT SEEM

622
00:17:03,933 --> 00:17:04,433
COUNTERINTUITIVE, UNTIL YOU

623
00:17:04,500 --> 00:17:06,500
REALIZE YOU CAN CHARGE TUITION

624
00:17:06,566 --> 00:17:08,366
ALMOST THREE TIMES HIGHER TO

625
00:17:08,433 --> 00:17:10,532
OUT-OF-STATE OR INTERNATIONAL

626
00:17:10,599 --> 00:17:12,099
STUDENTS THAN IN-STATE ONES.

627
00:17:12,165 --> 00:17:14,000
SO COLLEGES NOW COMPETE TO LURE

628
00:17:14,066 --> 00:17:15,433
THOSE STUDENTS IN, WITH

629
00:17:15,500 --> 00:17:16,933
EXPENSIVE AMENITIES FROM

630
00:17:17,000 --> 00:17:18,200
STATE-OF-THE-ART STUDENT CENTERS

631
00:17:18,266 --> 00:17:19,566
TO ROCK CLIMBING WALLS.

632
00:17:19,633 --> 00:17:21,200
IN FACT, ONE OF THE MOST POTENT

633
00:17:21,266 --> 00:17:23,066
SYMBOLS OF THOSE SPENDING WARS

634
00:17:23,133 --> 00:17:26,433
IS AT LSU ITSELF.

635
00:17:26,500 --> 00:17:28,532
>> WOW, THERE IT IS, LIFEGUARDS

636
00:17:28,633 --> 00:17:30,266
AND EVERYTHING.

637
00:17:30,333 --> 00:17:31,933
STUDENTS AT LOUISIANA STATE

638
00:17:32,000 --> 00:17:34,133
UNIVERSITY CAN NOW ENJOY A

639
00:17:34,200 --> 00:17:36,300
500-FOOT LAZY RIVER THAT SPELLS

640
00:17:36,366 --> 00:17:39,833
OUT LSU.

641
00:17:39,900 --> 00:17:40,633
HEY, LIFEGUARD!

642
00:17:40,700 --> 00:17:41,200
ARE YOU A STUDENT HERE, TOO?

643
00:17:41,266 --> 00:17:41,500
>> YES, SIR.

644
00:17:41,566 --> 00:17:43,333
>> SO YOU'RE PAYING FOR THIS?

645
00:17:43,400 --> 00:17:44,133
YOU'RE PAYING FOR THE LAZY

646
00:17:44,200 --> 00:17:45,100
RIVER.

647
00:17:45,166 --> 00:17:45,800
>> YES, I PAY FOR THIS.

648
00:17:45,866 --> 00:17:47,766
IT'S IN MY FEES.

649
00:17:47,833 --> 00:17:48,966
>> John: OKAY, FIRST, STOP

650
00:17:49,033 --> 00:17:50,200
YELLING AT THAT STUDENT THROUGH

651
00:17:50,266 --> 00:17:52,000
A FENCE.

652
00:17:52,066 --> 00:17:52,800
HE'S BUSY.

653
00:17:52,866 --> 00:17:53,600
AT WORK.

654
00:17:53,666 --> 00:17:55,400
BEING PAID TO WATCH THE RIVER HE

655
00:17:55,466 --> 00:17:58,866
PARADOXICALLY FUNDS.

656
00:17:58,933 --> 00:17:59,500
SECOND, NOT TO RIVER SHAME, BUT

657
00:17:59,566 --> 00:18:00,733
THAT HAS TOO MANY CURVES.

658
00:18:00,833 --> 00:18:02,366
THE WHOLE POINT OF A LAZY RIVER

659
00:18:02,466 --> 00:18:06,200
IS TO GET DAY DRUNK ON NATTYS,

660
00:18:06,266 --> 00:18:06,966
PASS OUT TO AN MGMT ALBUM, AND

661
00:18:07,033 --> 00:18:07,433
VIBE.

662
00:18:07,500 --> 00:18:08,066
YOU CAN'T DO THAT IF EVERY FIVE

663
00:18:08,133 --> 00:18:08,700
SECONDS YOU HAVE TO NAVIGATE THE

664
00:18:08,766 --> 00:18:09,300
TWISTS AND TURNS OF THE LETTER

665
00:18:09,366 --> 00:18:13,066
S.

666
00:18:13,133 --> 00:18:14,533
BUT WHETHER OUT OF NECESSITY OR

667
00:18:14,600 --> 00:18:15,133
GREED, UNIVERSITIES BASICALLY

668
00:18:15,200 --> 00:18:18,933
STARTED TURNING THEIR CAMPUSES

669
00:18:19,000 --> 00:18:19,633
INTO RESORTS TO JUSTIFY TAKING

670
00:18:19,700 --> 00:18:20,900
MORE MONEY FROM STUDENTS.

671
00:18:20,966 --> 00:18:21,866
AND THE THING IS, EVEN AS

672
00:18:21,933 --> 00:18:23,266
TUITION CLIMBED, STUDENTS DIDN'T

673
00:18:23,333 --> 00:18:25,466
STOP APPLYING.

674
00:18:25,533 --> 00:18:26,100
THEY JUST KEPT BORROWING AS MUCH

675
00:18:26,166 --> 00:18:27,466
AS THEY COULD.

676
00:18:27,533 --> 00:18:29,533
SO THE MERE EXISTENCE OF THE

677
00:18:29,600 --> 00:18:30,300
STUDENT LOAN INDUSTRY HAS ENDED

678
00:18:30,366 --> 00:18:32,400
UP CONTRIBUTING TO A VICIOUS

679
00:18:32,466 --> 00:18:33,700
CYCLE OF RISING TUITION AND

680
00:18:33,766 --> 00:18:35,166
HIGHER DEBT LOADS.

681
00:18:35,266 --> 00:18:36,466
ALL OF WHICH HAS MADE IT VERY

682
00:18:36,533 --> 00:18:38,400
EASY TO WIND UP TAKING ON

683
00:18:38,466 --> 00:18:40,033
DEBILITATING AMOUNTS OF DEBT,

684
00:18:40,100 --> 00:18:41,866
OFTEN AT AN AGE WHEN YOU BARELY

685
00:18:41,933 --> 00:18:42,466
UNDERSTAND WHAT YOU'RE GETTING

686
00:18:42,533 --> 00:18:43,666
INTO.

687
00:18:43,733 --> 00:18:45,900
>> IT WAS JUST EXPLAINED TO US

688
00:18:45,966 --> 00:18:48,233
AS EVERYBODY HAS STUDENT LOANS

689
00:18:48,300 --> 00:18:49,866
AND THIS IS JUST SOMETHING YOU

690
00:18:49,933 --> 00:18:52,233
DO TO GET AHEAD IN LIFE.

691
00:18:52,300 --> 00:18:53,266
TO HAVE A DRINK OF ALCOHOL, YOU

692
00:18:53,333 --> 00:18:55,033
HAVE TO BE 21.

693
00:18:55,100 --> 00:18:56,800
TO TAKE OUT $100,000 WORTH OF

694
00:18:56,866 --> 00:18:57,733
DEBT, YOU CAN BE 18.

695
00:18:57,800 --> 00:19:00,166
YOU CAN DO THAT.

696
00:19:00,233 --> 00:19:00,666
AND I DEFINITELY DID NOT

697
00:19:00,733 --> 00:19:01,300
UNDERSTAND WHAT I WAS SIGNING UP

698
00:19:01,366 --> 00:19:02,466
FOR.

699
00:19:02,533 --> 00:19:03,433
>> John: RIGHT.

700
00:19:03,500 --> 00:19:06,366
THAT'S A HUGE BURDEN TO TAKE ON

701
00:19:06,433 --> 00:19:07,166
AT 18.

702
00:19:07,266 --> 00:19:08,533
AND THAT'S ALREADY A DIFFICULT

703
00:19:08,633 --> 00:19:09,133
AGE.

704
00:19:09,233 --> 00:19:09,733
YOU CAN'T LEGALLY DRINK, YOU

705
00:19:09,800 --> 00:19:10,600
CAN'T STOP FIGHTING WITH YOUR

706
00:19:10,666 --> 00:19:12,800
MOM, WHO'S BEING A TOTAL BITCH,

707
00:19:12,866 --> 00:19:13,366
AND LEONARDO DICAPRIO KEEPS

708
00:19:13,433 --> 00:19:16,133
SKULKING AROUND YOUR SCHOOL.

709
00:19:16,200 --> 00:19:17,800
WHY ADD THE BIGGEST FINANCIAL

710
00:19:17,866 --> 00:19:18,833
DECISION OF YOUR LIFE TO THAT

711
00:19:18,900 --> 00:19:20,700
LIST?

712
00:19:20,766 --> 00:19:21,833
ONE BORROWER SAID SHE BARELY

713
00:19:21,900 --> 00:19:23,533
RECOGNIZED HER OWN CHILDLIKE

714
00:19:23,600 --> 00:19:24,800
HANDWRITING ON THE FORMS THAT

715
00:19:24,866 --> 00:19:25,633
COMMITTED HER TO DECADES OF

716
00:19:25,700 --> 00:19:28,233
DEBT.

717
00:19:28,300 --> 00:19:29,633
AND YET, FOR MANY, TAKING IT ON

718
00:19:29,700 --> 00:19:30,600
CAN SEEM LIKE THE ONLY RATIONAL

719
00:19:30,666 --> 00:19:31,633
CHOICE.

720
00:19:31,700 --> 00:19:34,666
BECAUSE SO MANY CAREERS ARE

721
00:19:34,733 --> 00:19:35,300
OFF-LIMITS TO ANYONE WHO HASN'T

722
00:19:35,366 --> 00:19:37,500
BEEN TO COLLEGE.

723
00:19:37,566 --> 00:19:39,000
>> EVEN THOUGH TWO-THIRDS OF

724
00:19:39,066 --> 00:19:40,400
ADMINISTRATIVE ASSISTANTS DON'T

725
00:19:40,466 --> 00:19:41,600
HAVE BACHELOR'S DEGREES,

726
00:19:41,700 --> 00:19:42,933
THREE-QUARTERS OF THE NEW JOB

727
00:19:43,000 --> 00:19:44,833
POSTINGS FOR ADMINISTRATIVE

728
00:19:44,900 --> 00:19:46,533
ASSISTANTS SAY YOU HAVE TO HAVE

729
00:19:46,600 --> 00:19:47,066
A BACHELOR'S DEGREE TO BE

730
00:19:47,133 --> 00:19:49,300
CONSIDERED FOR THAT JOB.

731
00:19:49,366 --> 00:19:50,566
SO, TWO-THIRDS OF THE PEOPLE WHO

732
00:19:50,633 --> 00:19:53,300
CURRENTLY DO THAT JOB CAN'T

733
00:19:53,366 --> 00:19:54,666
APPLY FOR THREE-QUARTERS OF THE

734
00:19:54,733 --> 00:19:56,633
NEW JOBS IN THE FIELD.

735
00:19:56,700 --> 00:19:57,666
>> John: EXACTLY, A LACK OF A

736
00:19:57,733 --> 00:19:59,266
COLLEGE DEGREE IS A SIGNIFICANT

737
00:19:59,333 --> 00:20:00,066
BARRIER TO ENTRY FOR A LOT OF

738
00:20:00,133 --> 00:20:02,033
JOBS.

739
00:20:02,100 --> 00:20:03,933
AND BARRIERS TO ENTRY MAKE SENSE

740
00:20:04,000 --> 00:20:05,300
FOR SOME THINGS, LIKE PRACTICING

741
00:20:05,366 --> 00:20:06,666
MEDICINE, OR GORILLA ENCLOSURES.

742
00:20:06,733 --> 00:20:08,733
BUT REQUIRING A DEGREE FOR A JOB

743
00:20:08,800 --> 00:20:10,400
THAT CAN BE DONE WITHOUT ONE

744
00:20:10,466 --> 00:20:11,833
MAKES NO SENSE AT ALL.

745
00:20:11,900 --> 00:20:13,200
AND ONCE YOU'VE TAKEN THESE

746
00:20:13,266 --> 00:20:15,033
LOANS ON, EVEN THOSE WHO CAN

747
00:20:15,133 --> 00:20:16,800
AFFORD THE MINIMUM PAYMENT CAN

748
00:20:16,866 --> 00:20:18,200
END UP TREADING WATER FOR YEARS.

749
00:20:18,266 --> 00:20:20,000
HERE'S THAT WOMAN YOU JUST SAW,

750
00:20:20,066 --> 00:20:21,366
BREAKING DOWN WHERE HER MONTHLY

751
00:20:21,433 --> 00:20:23,366
PAYMENTS ACTUALLY GO.

752
00:20:23,433 --> 00:20:25,333
>> SO, MY TOTAL DUE FOR THIS

753
00:20:25,400 --> 00:20:28,666
MONTH, $707.74.

754
00:20:28,733 --> 00:20:32,666
WHAT WILL BE APPLIED TO THE

755
00:20:32,733 --> 00:20:33,066
PRINCIPAL?

756
00:20:33,133 --> 00:20:33,933
$64.54.

757
00:20:34,000 --> 00:20:35,900
SO, THE PRINCIPAL IS THE TOTAL

758
00:20:35,966 --> 00:20:36,866
AMOUNT OF LOAN, LIKE, ACTUAL

759
00:20:36,933 --> 00:20:38,333
MONEY THAT I ACTUALLY TOOK OUT.

760
00:20:38,400 --> 00:20:39,300
WHAT WILL BE GOING TO THE

761
00:20:39,366 --> 00:20:40,100
INTEREST?

762
00:20:40,166 --> 00:20:43,833
$643.20.

763
00:20:43,900 --> 00:20:45,833
SO, MY PRINCIPAL ISN'T GOING

764
00:20:45,900 --> 00:20:48,000
DOWN, MY DEBT ISN'T GOING DOWN,

765
00:20:48,100 --> 00:20:48,866
I'M LITERALLY JUST PAYING THE

766
00:20:48,933 --> 00:20:51,300
INTEREST.

767
00:20:51,366 --> 00:20:54,133
>> John: THAT'S RIDICULOUS.

768
00:20:54,200 --> 00:20:59,133
THAT $650 COULD BE MUCH BETTER

769
00:20:59,200 --> 00:20:59,766
SPENT -- ON THE PRINCIPAL ON HER

770
00:20:59,833 --> 00:21:02,600
LOAN, OR EVEN TO BUYING TWO

771
00:21:02,666 --> 00:21:03,233
CAMEOS FROM RUDY GIULIANI EVERY

772
00:21:03,300 --> 00:21:04,300
MONTH.

773
00:21:04,366 --> 00:21:05,566
AND I'D PROVE THAT TO YOU BY

774
00:21:05,633 --> 00:21:07,033
BUYING ONE, BUT I DON'T WANT TO

775
00:21:07,100 --> 00:21:08,033
GIVE THAT MAN ANY MONEY.

776
00:21:08,100 --> 00:21:09,466
SO WE GOT ONE FROM SNOOKI

777
00:21:09,533 --> 00:21:10,866
INSTEAD, WHO CHARGES AROUND THE

778
00:21:10,933 --> 00:21:12,333
SAME AMOUNT.

779
00:21:12,400 --> 00:21:13,333
>> HEY, BRITTNEY!

780
00:21:13,400 --> 00:21:14,166
WHAT'S UP, MAMA!

781
00:21:14,233 --> 00:21:15,500
IT'S YOUR GIRL, SNOOKI!

782
00:21:15,566 --> 00:21:17,133
AND I CAN'T BELIEVE THIS VIDEO

783
00:21:17,200 --> 00:21:18,733
COSTS HALF AS MUCH AS YOUR

784
00:21:18,800 --> 00:21:20,366
STUDENT LOAN INTEREST.

785
00:21:20,466 --> 00:21:24,933
THAT'S FUCKED UP!

786
00:21:25,000 --> 00:21:27,033
[BLOWS KISS]

787
00:21:27,100 --> 00:21:27,900
>> John: YEAH, IT IS!

788
00:21:27,966 --> 00:21:30,733
THANK YOU, SNOOKI.

789
00:21:30,800 --> 00:21:31,166
THANK YOU VERY MUCH.

790
00:21:31,233 --> 00:21:31,833
AND AS THOSE DEBTS PILE UP, IT'S

791
00:21:31,900 --> 00:21:32,433
NO WONDER THAT, FOR MANY WITH

792
00:21:32,500 --> 00:21:33,200
STUDENT LOANS, IT CAN FEEL

793
00:21:33,266 --> 00:21:34,166
ALMOST IMPOSSIBLE TO PLAN FOR A

794
00:21:34,233 --> 00:21:36,200
FUTURE.

795
00:21:36,266 --> 00:21:37,666
>> ONE OF THE THINGS THAT SCARES

796
00:21:37,733 --> 00:21:41,200
ME IS BECOMING A PARENT.

797
00:21:41,266 --> 00:21:43,700
I JUST GOT MARRIED LAST YEAR AND

798
00:21:43,766 --> 00:21:44,333
MY WIFE IS ON ME LIKE, "HEY, YOU

799
00:21:44,400 --> 00:21:44,700
KNOW, I'M READY.

800
00:21:44,766 --> 00:21:47,200
ARE YOU READY?"

801
00:21:47,266 --> 00:21:48,633
AND SO, YOU KNOW, WHILE I WOULD

802
00:21:48,700 --> 00:21:52,400
LOVE TO BE A PARENT BUT THEN I

803
00:21:52,466 --> 00:21:52,933
LOOK AT THE -- THE COST OF

804
00:21:53,000 --> 00:21:53,800
CHILDCARE AND I LOOK AT MY

805
00:21:53,900 --> 00:21:55,233
STUDENT LOAN BALANCE AND IT'S

806
00:21:55,333 --> 00:21:56,333
LIKE, THEN I'M STILL GONNA BE

807
00:21:56,433 --> 00:21:57,966
BALANCING, DO I MAKE MY STUDENT

808
00:21:58,033 --> 00:21:58,566
LOAN PAYMENT OR DO I PAY CHILD

809
00:21:58,633 --> 00:22:00,800
CARE?

810
00:22:00,866 --> 00:22:02,166
YOU KNOW, AND I DON'T WANT TO

811
00:22:02,233 --> 00:22:03,133
DEFAULT ON MY STUDENT LOANS, BUT

812
00:22:03,200 --> 00:22:04,933
AT THE SAME TIME, IF I'M GOING

813
00:22:05,000 --> 00:22:05,533
TO BECOME A PARENT, I WANT TO

814
00:22:05,600 --> 00:22:06,833
MAKE SURE THAT MY CHILD HAS THE

815
00:22:06,900 --> 00:22:08,433
BEST LIFE POSSIBLE AND I JUST

816
00:22:08,500 --> 00:22:11,500
DON'T SEE HOW THAT IS POSSIBLE

817
00:22:11,566 --> 00:22:12,133
WITH HAVING A STUDENT LOAN DEBT

818
00:22:12,200 --> 00:22:13,300
HANGING OVER MY HEAD.

819
00:22:13,366 --> 00:22:14,233
>> John: YEAH, STUDENT LOANS

820
00:22:14,300 --> 00:22:15,633
SHOULDN'T DETERMINE WHETHER YOU

821
00:22:15,700 --> 00:22:16,966
HAVE KIDS.

822
00:22:17,033 --> 00:22:18,433
IT'D BE CRAZY IF SOMETHING THE

823
00:22:18,500 --> 00:22:19,733
GOVERNMENT DID INFLUENCED YOUR

824
00:22:19,800 --> 00:22:20,933
DECISION TO HAVE A CHILD OR NOT.

825
00:22:21,000 --> 00:22:21,933
RIGHT?

826
00:22:22,000 --> 00:22:23,333
RIGHT?

827
00:22:23,400 --> 00:22:27,133
THAT WOULD BE CRAZY!

828
00:22:27,233 --> 00:22:32,366
RIGHT?

829
00:22:32,433 --> 00:22:33,166
THAT WOULD BE ABSOLUTELY CRAZY!

830
00:22:33,233 --> 00:22:33,966
AND LET'S ADDRESS WHO GETS HIT

831
00:22:34,033 --> 00:22:34,300
HARDEST HERE.

832
00:22:34,366 --> 00:22:34,900
BECAUSE WHEN MANY IMAGINE THE

833
00:22:34,966 --> 00:22:35,433
TYPICAL BORROWER, THEY'RE

834
00:22:35,500 --> 00:22:36,766
PICTURING THE CARICATURE PAINTED

835
00:22:36,833 --> 00:22:37,566
ON FOX NEWS, OR IN ADS LIKE THIS

836
00:22:37,633 --> 00:22:38,133
ONE, ATTACKING BIDEN'S DEBT

837
00:22:38,200 --> 00:22:40,600
RELIEF PLAN.

838
00:22:40,666 --> 00:22:41,133
>> WANT TO BE A STRUGGLING

839
00:22:41,200 --> 00:22:42,233
ARTIST?

840
00:22:42,300 --> 00:22:43,766
COLLEGE IS ON ME.

841
00:22:43,833 --> 00:22:44,866
>> MY KIDS DON'T NEED FANCY

842
00:22:44,933 --> 00:22:45,466
THINGS LIKE SCHOOL SUPPLIES OR

843
00:22:45,533 --> 00:22:47,933
NEW SHOES.

844
00:22:48,000 --> 00:22:49,400
>> I WORK FOR YOU, THEATER

845
00:22:49,466 --> 00:22:50,233
MAJOR.

846
00:22:50,300 --> 00:22:52,000
>> THIS SHIFT IS FOR YOU,

847
00:22:52,066 --> 00:22:52,633
BUSINESS MAJOR, GO BUY YOURSELF

848
00:22:52,700 --> 00:22:55,200
THAT NEW CAR.

849
00:22:55,266 --> 00:22:56,166
>> ENJOY YOUR FREE RIDE, COLLEGE

850
00:22:56,233 --> 00:22:58,566
IS ON ME.

851
00:22:58,633 --> 00:22:59,833
>> TELL CONGRESS, STOP BIDEN'S

852
00:22:59,900 --> 00:23:03,200
BAILOUT FOR RICH KIDS.

853
00:23:03,266 --> 00:23:04,566
>> John: THEY'RE SO RIGHT.

854
00:23:04,633 --> 00:23:05,800
STOP PAYING FOR RICH KIDS TO

855
00:23:05,866 --> 00:23:06,300
STUDY THEATER!

856
00:23:06,366 --> 00:23:07,300
WHAT ARE THEY GONNA DO WITH THAT

857
00:23:07,366 --> 00:23:08,566
DEGREE ANYWAY?

858
00:23:08,633 --> 00:23:10,266
STAR IN A HACK POLITICAL AD

859
00:23:10,333 --> 00:23:11,433
MAKING FUN OF ANYONE WHO STUDIES

860
00:23:11,500 --> 00:23:12,400
THEATER?

861
00:23:12,466 --> 00:23:13,766
GO GET A REAL JOB WHERE YOU

862
00:23:13,833 --> 00:23:16,666
TOUCH A WRENCH!

863
00:23:16,733 --> 00:23:17,500
BUT ABOUT THAT "BAILOUT FOR RICH

864
00:23:17,566 --> 00:23:18,933
KIDS" IDEA.

865
00:23:19,000 --> 00:23:20,633
IT GETS TOSSED AROUND A LOT WHEN

866
00:23:20,700 --> 00:23:22,066
IT COMES TO DEBT FORGIVENESS.

867
00:23:22,133 --> 00:23:24,566
WHICH IS WEIRD BECAUSE RICH KIDS

868
00:23:24,633 --> 00:23:25,833
TEND NOT TO HAVE STUDENT DEBT,

869
00:23:25,900 --> 00:23:27,566
BECAUSE THEIR PARENTS TEND TO

870
00:23:27,633 --> 00:23:32,733
PAY FOR THEIR COLLEGE, JUST LIKE

871
00:23:32,800 --> 00:23:33,366
THEY TEND TO PAY FOR LAWYERS TO

872
00:23:33,466 --> 00:23:34,000
MAKE THAT THING WITH THE CAR AND

873
00:23:34,100 --> 00:23:34,833
THE CYCLIST GO AWAY.

874
00:23:34,933 --> 00:23:35,866
AND PEOPLE WITH THE HIGHEST LOAN

875
00:23:35,966 --> 00:23:36,966
BALANCES ARE OFTEN CURRENT ON

876
00:23:37,033 --> 00:23:38,033
THEIR PAYMENTS, BECAUSE THEY

877
00:23:38,100 --> 00:23:39,400
MAY'VE GOTTEN ADVANCED DEGREES

878
00:23:39,466 --> 00:23:41,666
THAT ALLOWED THEM TO EARN MORE.

879
00:23:41,733 --> 00:23:43,566
CONVERSELY, THOSE MOST BURDENED

880
00:23:43,633 --> 00:23:45,700
BY DEBT OFTEN HAVE RELATIVELY

881
00:23:45,766 --> 00:23:51,533
SMALL AMOUNTS OF LOANS, FROM

882
00:23:51,600 --> 00:23:52,133
ATTENDING PUBLIC UNIVERSITIES.

883
00:23:52,200 --> 00:23:52,733
THAT GUY WHO WAS TALKING ABOUT

884
00:23:52,800 --> 00:23:53,133
PUTTING OFF KIDS?

885
00:23:53,200 --> 00:23:53,700
HE'S NOT IN DEBT BECAUSE HE

886
00:23:53,766 --> 00:23:54,066
STUDIED THEATER.

887
00:23:54,133 --> 00:23:54,700
HE OWES $30,000 FROM GOING TO A

888
00:23:54,766 --> 00:23:55,600
STATE UNIVERSITY TO STUDY

889
00:23:55,666 --> 00:23:57,200
ACCOUNTING.

890
00:23:57,266 --> 00:23:59,033
HE TOOK THE EXACT PATH PEOPLE

891
00:23:59,100 --> 00:24:01,900
LIKE THIS GUY LOVE TO CREAM

892
00:24:01,966 --> 00:24:02,700
THEIR CHINOS OVER, AND IT STILL

893
00:24:02,766 --> 00:24:03,700
FUCKED HIM OVER.

894
00:24:03,766 --> 00:24:05,166
IN FACT, AS OF 2022, MOST

895
00:24:05,233 --> 00:24:06,633
STUDENT LOAN BORROWERS WITH

896
00:24:06,700 --> 00:24:08,666
OUTSTANDING DEBT OWED LESS THAN

897
00:24:08,766 --> 00:24:10,300
$25,000.

898
00:24:10,366 --> 00:24:12,000
AND HAVING A SMALLER DEBT

899
00:24:12,066 --> 00:24:15,666
DOESN'T NECESSARILY MEAN IT'S

900
00:24:15,733 --> 00:24:16,166
EASIER TO PAY OFF.

901
00:24:16,233 --> 00:24:16,733
IN FACT, BORROWERS WITH THE

902
00:24:16,800 --> 00:24:19,066
LEAST DEBT OFTEN HAD SLIGHTLY

903
00:24:19,133 --> 00:24:20,166
MORE DIFFICULTY WITH REPAYMENTS.

904
00:24:20,233 --> 00:24:21,566
AND THAT CAN BE FOR MULTIPLE

905
00:24:21,633 --> 00:24:23,033
REASONS, INCLUDING THEY MAY'VE

906
00:24:23,100 --> 00:24:23,933
HAD TO LEAVE SCHOOL BEFORE

907
00:24:24,000 --> 00:24:25,233
FINISHING, MEANING THEY HAVE ALL

908
00:24:25,300 --> 00:24:26,300
THE DEBT, BUT NO DEGREE TO SHOW

909
00:24:26,366 --> 00:24:30,233
FOR IT.

910
00:24:30,300 --> 00:24:31,000
AND IT GETS EVEN WORSE BECAUSE

911
00:24:31,066 --> 00:24:32,400
INCREASINGLY, IT'S NOT JUST

912
00:24:32,466 --> 00:24:33,166
YOUNG PEOPLE TAKING ON STUDENT

913
00:24:33,233 --> 00:24:34,033
LOANS.

914
00:24:34,100 --> 00:24:34,800
THAT'S THANKS TO YET ANOTHER

915
00:24:34,866 --> 00:24:36,366
FEDERAL PROGRAM CALLED PARENT

916
00:24:36,433 --> 00:24:37,933
PLUS, WHICH ALLOWS PARENTS TO

917
00:24:38,000 --> 00:24:39,300
TAKE OUT A STUDENT LOAN ON THEIR

918
00:24:39,366 --> 00:24:43,800
CHILD'S BEHALF.

919
00:24:43,866 --> 00:24:44,300
BUT THESE LOANS ARE EVEN

920
00:24:44,366 --> 00:24:44,533
RISKIER.

921
00:24:44,600 --> 00:24:45,966
THEY HAVE EFFECTIVELY NO INCOME

922
00:24:46,033 --> 00:24:46,566
REQUIREMENTS, AND NO LIMIT ON

923
00:24:46,633 --> 00:24:47,700
BORROWING.

924
00:24:47,766 --> 00:24:48,766
AND THAT MEANS THERE ARE

925
00:24:48,833 --> 00:24:50,666
INCREASING NUMBERS OF RETIREES

926
00:24:50,733 --> 00:24:52,533
SADDLED WITH STUDENT DEBT ON

927
00:24:52,600 --> 00:24:53,600
BEHALF OF THEIR KIDS, LIKE THIS

928
00:24:53,666 --> 00:24:55,833
80-YEAR-OLD MAN.

929
00:24:55,900 --> 00:24:56,700
>> AND THIS IS MY SON, WHO

930
00:24:56,766 --> 00:24:58,200
GRADUATED IN 2008 FROM

931
00:24:58,266 --> 00:24:59,466
BRIDGEWATER COLLEGE WITH A

932
00:24:59,533 --> 00:25:01,300
DEGREE IN BIOLOGY.

933
00:25:01,366 --> 00:25:02,966
I DIDN'T WANT HIM TO BE STUCK

934
00:25:03,033 --> 00:25:05,633
WITH HAVING THE DEBT THAT A LOT

935
00:25:05,700 --> 00:25:06,233
OF KIDS HAVE WHEN THEY GET OUT

936
00:25:06,300 --> 00:25:06,866
OF COLLEGE.

937
00:25:06,933 --> 00:25:08,533
SO, I ASSUMED THAT LOAN.

938
00:25:08,600 --> 00:25:10,166
THE PARENT PLUS LOAN THAT I TOOK

939
00:25:10,233 --> 00:25:11,866
OUT WAS THROUGH THE DEPARTMENT

940
00:25:11,933 --> 00:25:13,633
OF EDUCATION.

941
00:25:13,733 --> 00:25:16,966
I THINK I STARTED IN 2004.

942
00:25:17,033 --> 00:25:21,666
I'M STILL PAYING IT.

943
00:25:21,733 --> 00:25:22,833
AND ACCORDING TO NAVIENT, I'LL

944
00:25:22,900 --> 00:25:27,400
BE DONE IN 2040.

945
00:25:27,466 --> 00:25:28,900
>> John: YOU KNOW WHAT I LIKE

946
00:25:28,966 --> 00:25:29,400
ABOUT THAT?

947
00:25:29,466 --> 00:25:30,600
THE SLIGHT LAUGH IN HIS VOICE AT

948
00:25:30,666 --> 00:25:32,166
THE END THERE.

949
00:25:32,233 --> 00:25:33,400
THAT'S THE CHUCKLE OF A MAN WHO

950
00:25:33,466 --> 00:25:35,666
KNOWS HE'LL BE DEAD BEFORE THAT

951
00:25:35,733 --> 00:25:36,900
LOAN GETS PAID BACK.

952
00:25:36,966 --> 00:25:38,033
THAT'S A MAN LAUGHING IN THE

953
00:25:38,100 --> 00:25:40,300
FACE OF GOD AND GOVERNMENT.

954
00:25:40,366 --> 00:25:42,566
AND DEATH MIGHT BE THE ONLY

955
00:25:42,633 --> 00:25:43,600
OPTION TO GET OUT FROM UNDER

956
00:25:43,666 --> 00:25:44,400
THESE LOANS.

957
00:25:44,466 --> 00:25:45,166
BECAUSE -- AS WE'VE DISCUSSED

958
00:25:45,233 --> 00:25:48,200
BEFORE -- STUDENT LOANS ARE

959
00:25:48,300 --> 00:25:49,266
EXTREMELY DIFFICULT TO DISCHARGE

960
00:25:49,333 --> 00:25:50,733
THROUGH BANKRUPTCY.

961
00:25:50,800 --> 00:25:52,533
THEY'RE ACTUALLY SOMETHING OF AN

962
00:25:52,600 --> 00:25:53,466
OUTLIER IN THAT REGARD, AS THIS

963
00:25:53,533 --> 00:25:54,900
PROFESSOR EXPLAINS.

964
00:25:54,966 --> 00:25:57,333
>> IF I WERE TO GO AND LOSE ALL

965
00:25:57,400 --> 00:26:00,833
MY MONEY AT A GAMBLING CASINO, I

966
00:26:00,900 --> 00:26:03,533
CAN DECLARE BANKRUPTCY.

967
00:26:03,600 --> 00:26:04,766
IF I WERE TO, YOU KNOW, BE A

968
00:26:04,833 --> 00:26:05,733
CRIMINAL AND DO SOME HORRIBLE

969
00:26:05,800 --> 00:26:07,800
THING, I CAN DECLARE BANKRUPTCY.

970
00:26:07,866 --> 00:26:08,366
STUDENTS ARE NOT ALLOWED TO

971
00:26:08,433 --> 00:26:10,166
DECLARE BANKRUPTCY.

972
00:26:10,233 --> 00:26:11,866
>> John: IT'S TRUE.

973
00:26:11,933 --> 00:26:13,133
AND WHILE I APPRECIATE THE

974
00:26:13,200 --> 00:26:14,366
HYPOTHETICAL THERE, IT'S A

975
00:26:14,433 --> 00:26:16,166
LITTLE HARD TO IMAGINE THIS GUY

976
00:26:16,233 --> 00:26:16,766
BLOWING HIS LIFE SAVINGS AT A

977
00:26:16,833 --> 00:26:19,533
CRAPS TABLE.

978
00:26:19,600 --> 00:26:20,133
I'M JUST SAYING, THE VERY FACT

979
00:26:20,233 --> 00:26:21,700
THAT HE CALLED IT A "GAMBLING

980
00:26:21,800 --> 00:26:22,666
CASINO" PROVES HE'S NEVER BEEN

981
00:26:22,733 --> 00:26:24,800
INSIDE ONE.

982
00:26:24,866 --> 00:26:26,600
SO THIS ENTIRE SYSTEM SEEMS

983
00:26:26,666 --> 00:26:27,566
PRACTICALLY SET UP TO DROWN

984
00:26:27,633 --> 00:26:29,200
PEOPLE IN DEBT.

985
00:26:29,266 --> 00:26:30,233
BUT THERE IS ONE MORE PLAYER WE

986
00:26:30,300 --> 00:26:31,900
SHOULD MENTION HERE, AND THAT'S

987
00:26:31,966 --> 00:26:32,533
STUDENT LOAN SERVICERS.

988
00:26:32,600 --> 00:26:33,466
YOU MIGHT KNOW THEM BY NAMES

989
00:26:33,533 --> 00:26:34,400
LIKE THESE.

990
00:26:34,466 --> 00:26:36,033
AND IF YOU KNOW WHO THESE

991
00:26:36,100 --> 00:26:36,600
COMPANIES ARE, YOU PROBABLY

992
00:26:36,666 --> 00:26:40,033
FUCKING HATE THEM!

993
00:26:40,100 --> 00:26:44,166
SERVICERS MANAGE LOANS ON THE

994
00:26:44,233 --> 00:26:44,766
GOVERNMENT'S BEHALF -- AND IN

995
00:26:44,833 --> 00:26:45,400
THEORY, THEY'RE SUPPOSED TO HELP

996
00:26:45,466 --> 00:26:46,300
YOU NAVIGATE THE SYSTEM.

997
00:26:46,366 --> 00:26:52,166
BUT IN PRACTICE, THEY OFTEN

998
00:26:52,233 --> 00:26:52,700
MANAGE TO MAKE THINGS MUCH

999
00:26:52,766 --> 00:26:53,233
WORSE.

1000
00:26:53,300 --> 00:26:53,833
A REPORT FOUND SOME COMPANIES

1001
00:26:53,933 --> 00:26:54,566
HAVE BILLED PEOPLE FOR THE WRONG

1002
00:26:54,666 --> 00:26:55,066
AMOUNT, GIVEN THEM BAD

1003
00:26:55,133 --> 00:26:55,933
INFORMATION, AND SUBJECTED THEM

1004
00:26:56,033 --> 00:26:57,100
TO INCREDIBLY LONG HOLD TIMES ON

1005
00:26:57,166 --> 00:26:59,233
THE PHONE, WITH ONE BORROWER

1006
00:26:59,300 --> 00:27:00,900
WAITING 565 MINUTES TO SPEAK TO

1007
00:27:00,966 --> 00:27:02,800
A REPRESENTATIVE.

1008
00:27:02,866 --> 00:27:03,333
AND THAT INCOMPETENCE IS A

1009
00:27:03,400 --> 00:27:05,433
PROBLEM.

1010
00:27:05,500 --> 00:27:07,533
BECAUSE THE GOVERNMENT DOES HAVE

1011
00:27:07,600 --> 00:27:09,233
PROGRAMS TO EASE THE BURDEN OF

1012
00:27:09,300 --> 00:27:10,433
STUDENT DEBT -- REMEMBER, THE

1013
00:27:10,500 --> 00:27:11,233
ONES YOU SAW BILL CLINTON

1014
00:27:11,300 --> 00:27:12,200
DESCRIBE EARLIER?

1015
00:27:12,266 --> 00:27:14,100
WHERE YOUR DEBT CAN BE REDUCED

1016
00:27:14,166 --> 00:27:14,633
BASED ON INCOME OR PUBLIC

1017
00:27:14,700 --> 00:27:15,633
SERVICE?

1018
00:27:15,700 --> 00:27:17,366
THOSE ACTUALLY DO EXIST.

1019
00:27:17,433 --> 00:27:18,233
BUT UNFORTUNATELY, THE

1020
00:27:18,300 --> 00:27:20,133
GOVERNMENT DESIGNED THEM IN A

1021
00:27:20,200 --> 00:27:21,600
VERY COMPLICATED WAY, AND THEIR

1022
00:27:21,666 --> 00:27:23,333
IMPLEMENTATION IS IN THE HANDS

1023
00:27:23,400 --> 00:27:24,500
OF THESE COMPANIES.

1024
00:27:24,566 --> 00:27:25,600
TAKE THIS WOMAN.

1025
00:27:25,666 --> 00:27:27,166
SHE WAS ENROLLED IN A PROGRAM

1026
00:27:27,266 --> 00:27:28,700
WHERE, AFTER A DECADE OF PUBLIC

1027
00:27:28,800 --> 00:27:29,300
SERVICE, HER LOANS WOULD BE

1028
00:27:29,366 --> 00:27:30,766
FORGIVEN.

1029
00:27:30,833 --> 00:27:32,000
SHE SPENT HER DECADE SERVING IN

1030
00:27:32,066 --> 00:27:33,900
THE MILITARY, AND NINE YEARS IN,

1031
00:27:33,966 --> 00:27:35,500
HAVING AUTO-PAID ON-TIME EVERY

1032
00:27:35,566 --> 00:27:36,033
MONTH, SHE ASSUMED SHE WAS

1033
00:27:36,100 --> 00:27:37,700
NEARLY DONE.

1034
00:27:37,766 --> 00:27:40,233
BUT WHEN SHE CALLED HER

1035
00:27:40,300 --> 00:27:41,533
SERVICER, FEDLOAN, THEY TOLD HER

1036
00:27:41,600 --> 00:27:43,166
SHE'D ONLY BEEN CREDITED WITH

1037
00:27:43,233 --> 00:27:44,133
ONE YEAR OF PAYMENTS, SO STILL

1038
00:27:44,200 --> 00:27:45,966
HAD NINE LEFT.

1039
00:27:46,033 --> 00:27:46,733
AND WHEN SHE ASKED WHY, THEIR

1040
00:27:46,800 --> 00:27:49,766
RESPONSE WAS MADDENING.

1041
00:27:49,833 --> 00:27:50,633
>> THE WOMAN LOOKED THROUGH MY

1042
00:27:50,700 --> 00:27:52,800
ACCOUNT AND SHE SAYS, "YOU MAY

1043
00:27:52,866 --> 00:27:55,233
HAVE AN ISSUE THAT WE KNOW IS AN

1044
00:27:55,300 --> 00:27:59,500
ISSUE WHERE THE AUTO-DEBIT TAKES

1045
00:27:59,566 --> 00:28:01,700
THE PAYMENT BUT ONE PENNY SHORT

1046
00:28:01,800 --> 00:28:03,533
OF WHAT IS ACTUALLY DUE SO IT

1047
00:28:03,600 --> 00:28:04,400
DOESN'T COUNT."

1048
00:28:04,466 --> 00:28:05,600
>> I SUBMITTED MY CASE FOR A

1049
00:28:05,666 --> 00:28:06,233
REVIEW, AND IT SAT IN REVIEW FOR

1050
00:28:06,300 --> 00:28:08,566
THREE YEARS.

1051
00:28:08,633 --> 00:28:10,200
AND IN THE INTERIM, I WAS PAYING

1052
00:28:10,266 --> 00:28:12,266
BECAUSE YOU'RE LIKE, OKAY, WELL,

1053
00:28:12,333 --> 00:28:12,900
THEY'RE REVIEWING IT.

1054
00:28:12,966 --> 00:28:15,766
THEY'RE DOING SOMETHING.

1055
00:28:15,833 --> 00:28:16,933
BUT IT -- THE REVIEW NEVER --

1056
00:28:17,000 --> 00:28:17,933
THREE YEARS LATER, IT WAS STILL

1057
00:28:18,000 --> 00:28:22,466
UNDER REVIEW.

1058
00:28:22,533 --> 00:28:23,400
>> John: HOLD ON, WE MAY'VE

1059
00:28:23,466 --> 00:28:26,433
UNDERCHARGED YOU BY ONE PENNY SO

1060
00:28:26,500 --> 00:28:27,600
THE PAYMENT DOESN'T COUNT?

1061
00:28:27,666 --> 00:28:28,200
IN NO OTHER TRANSACTION WOULD

1062
00:28:28,266 --> 00:28:29,133
THAT BE ACCEPTABLE!

1063
00:28:29,200 --> 00:28:30,633
IF YOU BUY A SHIRT THAT'S $9.99

1064
00:28:30,700 --> 00:28:34,033
AND THE STORE ONLY CHARGES YOU

1065
00:28:34,133 --> 00:28:35,200
$9.98, THE CASHIER CAN EITHER

1066
00:28:35,300 --> 00:28:37,433
LET IT GO, OR SAY, "YOU ACTUALLY

1067
00:28:37,500 --> 00:28:37,933
STILL OWE US ONE PENNY."

1068
00:28:38,000 --> 00:28:39,233
BUT AT NO POINT WOULD THEY BE

1069
00:28:39,300 --> 00:28:40,700
ALLOWED TO SAY "SORRY, YOUR

1070
00:28:40,766 --> 00:28:44,233
PAYMENT DOESN'T COUNT, GIVE US

1071
00:28:44,300 --> 00:28:47,666
$10 AGAIN."

1072
00:28:47,733 --> 00:28:48,200
AND SHE'S NOT ALONE, A GAO

1073
00:28:48,266 --> 00:28:48,666
REPORT FOUND THAT THAT

1074
00:28:48,733 --> 00:28:49,733
LOAN-FORGIVENESS PROGRAM HAD A

1075
00:28:49,800 --> 00:28:52,033
DENIAL RATE OF 99%.

1076
00:28:52,100 --> 00:28:53,000
A SIMILAR THING HAPPENED WITH

1077
00:28:53,066 --> 00:28:54,900
"INCOME-DRIVEN REPAYMENT PLANS,"

1078
00:28:54,966 --> 00:28:56,700
WHICH PROVIDED THAT, IF YOUR

1079
00:28:56,766 --> 00:28:58,866
INCOME WAS BELOW A CERTAIN

1080
00:28:58,933 --> 00:28:59,633
LEVEL, AND YOU MADE 20 TO 25

1081
00:28:59,700 --> 00:29:00,700
YEARS' WORTH OF PAYMENTS, YOUR

1082
00:29:00,766 --> 00:29:01,733
LOAN WOULD EVENTUALLY BE

1083
00:29:01,800 --> 00:29:03,200
FORGIVEN.

1084
00:29:03,266 --> 00:29:05,066
WHICH SOUNDS GOOD.

1085
00:29:05,133 --> 00:29:06,766
BUT, AGAIN, THE PROGRAMS'

1086
00:29:06,866 --> 00:29:08,166
MECHANICS WERE COMPLICATED, AND

1087
00:29:08,266 --> 00:29:10,600
SERVICERS FUCKED THINGS UP.

1088
00:29:10,666 --> 00:29:12,300
GOVERNMENT REVIEWS FOUND SOME

1089
00:29:12,366 --> 00:29:14,833
STEERED BORROWERS INTO SOMETHING

1090
00:29:14,900 --> 00:29:15,466
CALLED "FORBEARANCE" INSTEAD --

1091
00:29:15,533 --> 00:29:16,700
WHICH BASICALLY HITS PAUSE ON

1092
00:29:16,766 --> 00:29:19,033
YOUR LOAN, BUT ALLOWS INTEREST

1093
00:29:19,100 --> 00:29:20,600
TO KEEP ACCUMULATING.

1094
00:29:20,666 --> 00:29:22,533
THAT'S EXACTLY WHAT THIS WOMAN

1095
00:29:22,600 --> 00:29:25,066
SAYS HAPPENED TO HER.

1096
00:29:25,133 --> 00:29:26,066
>> FOR MONTHS NOW, JULIE ALICEA

1097
00:29:26,133 --> 00:29:28,033
HAS BEEN DESPERATELY TRYING TO

1098
00:29:28,100 --> 00:29:29,233
TAKE CONTROL OF HER MOUNTING

1099
00:29:29,300 --> 00:29:30,466
STUDENT LOAN DEBT.

1100
00:29:30,533 --> 00:29:31,500
IT'S NOW IN THE TENS OF

1101
00:29:31,566 --> 00:29:33,100
THOUSANDS.

1102
00:29:33,166 --> 00:29:33,666
>> AND IT'S CRAZY CAUSE I'M

1103
00:29:33,733 --> 00:29:34,666
TRYING TO PAY.

1104
00:29:34,733 --> 00:29:35,833
>> BUT SHE SAYS HER LOAN

1105
00:29:35,900 --> 00:29:37,400
SERVICER NAVIENT IS NOT HELPING.

1106
00:29:37,466 --> 00:29:39,100
SHE'S BEEN TRYING TO APPLY FOR

1107
00:29:39,166 --> 00:29:40,533
AN INCOME-BASED PAYMENT PLAN BUT

1108
00:29:40,633 --> 00:29:42,066
INSTEAD THE COMPANY STEERS HER

1109
00:29:42,166 --> 00:29:44,066
TOWARDS A COSTLY FORBEARANCE AND

1110
00:29:44,133 --> 00:29:45,533
WON'T SEND THE PAPERWORK SHE

1111
00:29:45,600 --> 00:29:46,900
NEEDS.

1112
00:29:46,966 --> 00:29:48,333
>> SINCE I REQUESTED INCOME

1113
00:29:48,400 --> 00:29:49,766
REPAYMENT PROGRAM ASSISTANCE AND

1114
00:29:49,833 --> 00:29:50,933
I'M STILL WAITING SINCE LIKE

1115
00:29:51,000 --> 00:29:51,900
EARLY SUMMER LAST YEAR.

1116
00:29:51,966 --> 00:29:53,066
>> John: THAT'S ABSURD!

1117
00:29:53,133 --> 00:29:54,666
SHE'S TRYING TO MAKE THIS

1118
00:29:54,733 --> 00:29:55,566
SITUATION BETTER, AND THEY'RE

1119
00:29:55,633 --> 00:29:56,866
NOT HELPING!

1120
00:29:56,933 --> 00:29:58,133
SHE'S TAKING IT SO SERIOUSLY,

1121
00:29:58,200 --> 00:29:59,600
SHE'S WEARING A HEADSET ON THE

1122
00:29:59,666 --> 00:30:02,000
NEWS!

1123
00:30:02,066 --> 00:30:02,633
WHICH I PRESUME IS BECAUSE SHE'S

1124
00:30:02,700 --> 00:30:05,133
HAVING TO BE ON HOLD WITH

1125
00:30:05,200 --> 00:30:05,733
NAVIENT EVERY WAKING MOMENT OF

1126
00:30:05,800 --> 00:30:08,200
HER LIFE!

1127
00:30:08,266 --> 00:30:09,033
BUT EVEN IF YOU MANAGE TO GET

1128
00:30:09,100 --> 00:30:12,400
ENROLLED IN A PROGRAM, AND JUMP

1129
00:30:12,466 --> 00:30:13,000
THROUGH ALL THE HOOPS FOR TWO

1130
00:30:13,066 --> 00:30:15,466
DECADES, YOUR SERVICER MIGHT

1131
00:30:15,566 --> 00:30:17,200
STILL SCREW IT UP.

1132
00:30:17,266 --> 00:30:17,833
AN INVESTIGATION A FEW YEARS AGO

1133
00:30:17,900 --> 00:30:22,933
FOUND SOME SERVICERS WEREN'T

1134
00:30:23,000 --> 00:30:23,500
CLEARLY TRACKING BORROWERS'

1135
00:30:23,566 --> 00:30:25,700
PAYMENTS TOWARD THE PROGRAM AND

1136
00:30:25,766 --> 00:30:26,233
HAD NO IDEA WHEN BORROWERS

1137
00:30:26,300 --> 00:30:27,266
QUALIFIED FOR FORGIVENESS.

1138
00:30:27,333 --> 00:30:27,866
WHICH MAY HELP EXPLAIN WHY, AS

1139
00:30:27,933 --> 00:30:28,700
OF 2021, DESPITE THE FACT THAT 2

1140
00:30:28,766 --> 00:30:32,000
MILLION BORROWERS HAVE BEEN

1141
00:30:32,066 --> 00:30:32,500
ENROLLED IN INCOME-BASED

1142
00:30:32,566 --> 00:30:33,966
REPAYMENT PLANS FOR OVER 20

1143
00:30:34,033 --> 00:30:38,466
YEARS, ONLY 32 HAD SUCCESSFULY

1144
00:30:38,533 --> 00:30:39,433
CANCELED THEIR LOANS.

1145
00:30:39,500 --> 00:30:45,700
NOT 32% -- 32 PEOPLE!

1146
00:30:45,766 --> 00:30:46,333
THIS PROGRAM HAS ONLY WORKED FOR

1147
00:30:46,400 --> 00:30:46,933
A SINGLE SEASON OF "BACHELOR"

1148
00:30:47,033 --> 00:30:47,733
CONTESTANTS.

1149
00:30:47,833 --> 00:30:48,733
AND HONESTLY, CHALKING IT UP TO

1150
00:30:48,833 --> 00:30:49,733
COMPANIES' INCOMPETENCE MIGHT BE

1151
00:30:49,833 --> 00:30:51,133
TOO GENEROUS.

1152
00:30:51,200 --> 00:30:52,400
A WHISTLEBLOWER WHO WORKED IN

1153
00:30:52,466 --> 00:30:54,433
CUSTOMER SERVICE AT NAVIENT HAS

1154
00:30:54,500 --> 00:30:56,366
SAID THAT ONE MAJOR METRIC

1155
00:30:56,433 --> 00:30:58,366
EMPLOYEES WERE GRADED ON WASN'T

1156
00:30:58,433 --> 00:31:00,366
HOW HELPFUL THEY COULD BE TO

1157
00:31:00,433 --> 00:31:01,800
CUSTOMERS, BUT HOW FAST THEY

1158
00:31:01,866 --> 00:31:03,233
COULD GET THEM OFF THE PHONE.

1159
00:31:03,300 --> 00:31:04,766
>> PART OF OUR TRAINING WAS

1160
00:31:04,833 --> 00:31:06,800
KEEPING YOUR CALLS TO SEVEN

1161
00:31:06,866 --> 00:31:08,566
MINUTES.

1162
00:31:08,633 --> 00:31:09,966
IF I DON'T KEEP MY CALL TO 7

1163
00:31:10,033 --> 00:31:11,266
MINUTES, I HAVE A LOWER STATUS

1164
00:31:11,333 --> 00:31:12,433
AT THE END OF THE DAY.

1165
00:31:12,500 --> 00:31:13,233
I'M CONSIDERED NOT HAVING

1166
00:31:13,300 --> 00:31:14,733
PERFORMED AS WELL.

1167
00:31:14,800 --> 00:31:17,066
A FEW OF MY COWORKERS SAID THAT

1168
00:31:17,133 --> 00:31:20,000
THERE WAS JUST NO WAY TO ANSWER

1169
00:31:20,066 --> 00:31:21,266
ALL OF THOSE QUESTIONS IN A WAY

1170
00:31:21,366 --> 00:31:22,833
THAT WAS SATISFACTORY AND

1171
00:31:22,900 --> 00:31:23,400
MAINTAIN THE NUMBERS THAT WE

1172
00:31:23,466 --> 00:31:24,500
WERE MAINTAINING.

1173
00:31:24,566 --> 00:31:26,966
AND SO, THEY WOULD BE ON THEIR

1174
00:31:27,033 --> 00:31:27,966
CALL AND THEN THEY WOULD JUST

1175
00:31:28,033 --> 00:31:30,100
PRESS A BUTTON AND GO, "OOPS."

1176
00:31:30,166 --> 00:31:31,000
>> John: WOW.

1177
00:31:31,066 --> 00:31:33,333
"OOPS."

1178
00:31:33,400 --> 00:31:33,833
THAT'S NOT GOOD.

1179
00:31:33,900 --> 00:31:35,466
AND I SHOULD SAY, NAVIENT DENIES

1180
00:31:35,533 --> 00:31:36,733
PUTTING TIME LIMITS ON CALLS,

1181
00:31:36,800 --> 00:31:38,200
AND ALSO DENIES STEERING

1182
00:31:38,266 --> 00:31:39,766
CUSTOMERS INTO FORBEARANCE.

1183
00:31:39,833 --> 00:31:41,500
IN FACT, THEY HAVE A WHOLE

1184
00:31:41,566 --> 00:31:43,266
STATEMENT HERE THAT APPARENTLY I

1185
00:31:43,333 --> 00:31:43,933
HAVE TO READ TO Y -- EXCEPT,

1186
00:31:44,000 --> 00:31:46,000
OOPS!

1187
00:31:46,066 --> 00:31:49,666
I DROPPED IT.

1188
00:31:49,733 --> 00:31:50,200
IT TURNS OUT YOU'RE RIGHT,

1189
00:31:50,266 --> 00:31:50,733
NAVIENT.

1190
00:31:50,800 --> 00:31:55,666
IT'S SO EASY TO DO.

1191
00:31:55,733 --> 00:31:56,466
THE GOOD NEWS IS NAVIENT'S

1192
00:31:56,533 --> 00:31:57,100
CONTRACT WITH THE GOVERNMENT HAS

1193
00:31:57,166 --> 00:31:57,533
SINCE EXPIRED.

1194
00:31:57,600 --> 00:31:58,100
UNFORTUNATELY, MANY OF THEIR

1195
00:31:58,166 --> 00:31:59,433
ACCOUNTS WERE TRANSFERRED TO

1196
00:31:59,500 --> 00:32:00,066
MOHELA, WHICH DOESN'T SEEM TO BE

1197
00:32:00,133 --> 00:32:01,533
MUCH BETTER.

1198
00:32:01,600 --> 00:32:03,366
IT WAS RECENTLY FOUND TO HAVE

1199
00:32:03,433 --> 00:32:04,433
FAILED TO SEND BILLING

1200
00:32:04,500 --> 00:32:05,933
STATEMENTS ON TIME TO 2.5

1201
00:32:06,000 --> 00:32:09,266
MILLION BORROWERS, AND OVER

1202
00:32:09,333 --> 00:32:09,900
800,000 WERE DELINQUENT ON THEIR

1203
00:32:09,966 --> 00:32:10,500
LOANS AS A RESULT.

1204
00:32:10,566 --> 00:32:11,300
AND WHEN YOU TAKE EVERYTHING

1205
00:32:11,366 --> 00:32:13,900
YOU'VE SEEN TONIGHT TOGETHER, IT

1206
00:32:13,966 --> 00:32:15,533
IS HARD TO FEEL LIKE THE SYSTEM

1207
00:32:15,600 --> 00:32:17,833
ISN'T RIGGED.

1208
00:32:17,900 --> 00:32:18,800
>> WE'VE BEEN TOLD, YOU KNOW,

1209
00:32:18,866 --> 00:32:20,066
WORKING-CLASS PEOPLE THAT AS

1210
00:32:20,133 --> 00:32:21,366
LONG AS YOU GET AN EDUCATION,

1211
00:32:21,433 --> 00:32:22,333
THEN YOU WILL HAVE JOB

1212
00:32:22,400 --> 00:32:23,300
PROSPECTS.

1213
00:32:23,366 --> 00:32:24,800
YOU'LL BE ABLE TO TAKE CARE OF

1214
00:32:24,866 --> 00:32:25,433
YOUR FAMILY.

1215
00:32:25,500 --> 00:32:27,800
YOU'LL BE ABLE TO HAVE A FUTURE.

1216
00:32:27,900 --> 00:32:30,266
I REALLY USED TO BLAME MYSELF A

1217
00:32:30,333 --> 00:32:31,466
LOT, AND I USED TO FEEL A LOT OF

1218
00:32:31,533 --> 00:32:32,633
SHAME.

1219
00:32:32,700 --> 00:32:33,600
AND THEN I STARTED TO LOOK AT

1220
00:32:33,666 --> 00:32:34,800
THE POLICIES AND I'M LIKE, WAIT

1221
00:32:34,866 --> 00:32:37,033
A SECOND, IS IT PERSONAL

1222
00:32:37,100 --> 00:32:38,133
RESPONSIBILITY OR IS IT REALLY

1223
00:32:38,200 --> 00:32:39,400
BAD POLICY?

1224
00:32:39,466 --> 00:32:40,500
AND I REALIZED IT'S BAD POLICY,

1225
00:32:40,566 --> 00:32:42,000
STRAIGHT UP.

1226
00:32:42,066 --> 00:32:43,366
>> John: SHE'S RIGHT.

1227
00:32:43,433 --> 00:32:45,433
WE'VE SET UP A SYSTEM WHERE

1228
00:32:45,500 --> 00:32:46,766
WE'VE CREATED A BARRIER TO ENTRY

1229
00:32:46,833 --> 00:32:48,333
FOR MANY JOBS, THAT CAN ONLY BE

1230
00:32:48,400 --> 00:32:49,833
PASSED BY TAKING ON SOME OF THE

1231
00:32:49,900 --> 00:32:51,733
MOST DEBILITATING LOANS, WITH

1232
00:32:51,800 --> 00:32:52,733
THE LEAST PROTECTIONS,

1233
00:32:52,800 --> 00:32:56,966
ADMINISTERED BY SOME OF THE

1234
00:32:57,033 --> 00:33:04,033
SHITTIEST COMPANIES ON EARTH.

1235
00:33:06,800 --> 00:33:07,800
AND COVERAGE THE AVERAGE LOAN

1236
00:33:07,866 --> 00:33:09,400
DEBT OF ALL DEMOGRAPHICS.

1237
00:33:09,466 --> 00:33:13,000
SO WHAT DO WE DO?

1238
00:33:13,066 --> 00:33:14,033
WELL, PERSONALLY, I'D ARGUE THAT

1239
00:33:14,100 --> 00:33:14,633
CONGRESS NEEDS TO PASS MASSIVE

1240
00:33:14,700 --> 00:33:15,033
DEBT FORGIVENESS.

1241
00:33:15,100 --> 00:33:15,700
BUT I KNOW THAT'S A HARD SELL IN

1242
00:33:15,766 --> 00:33:16,333
THAT BUILDING, GIVEN THAT SOME

1243
00:33:16,400 --> 00:33:16,900
OF ITS MEMBERS HAVE SAT IN

1244
00:33:16,966 --> 00:33:17,933
HEARINGS ON THE STUDENT DEBT

1245
00:33:18,000 --> 00:33:23,900
CRISIS AND SAID SHIT LIKE THIS.

1246
00:33:23,966 --> 00:33:24,600
>> I'M A SMALL BUSINESS OWNER

1247
00:33:24,666 --> 00:33:25,233
BACK IN TEXAS, AND IN MY WORLD,

1248
00:33:25,300 --> 00:33:25,866
IF YOU BORROW THE MONEY, YOU PAY

1249
00:33:25,933 --> 00:33:26,400
THE MONEY BACK.

1250
00:33:26,466 --> 00:33:30,100
PURE AND SIMPLE.

1251
00:33:30,166 --> 00:33:30,700
>> John: THAT'S AN INTERESTING

1252
00:33:30,766 --> 00:33:31,600
POINT FROM A MAN WHOSE EYEBROWS

1253
00:33:31,666 --> 00:33:32,166
SEEM SURPRISED TO BE ON HIS

1254
00:33:32,233 --> 00:33:32,933
ACTUAL FACE.

1255
00:33:33,000 --> 00:33:33,500
BUT ON ONE LEVEL, I GET THAT

1256
00:33:33,566 --> 00:33:40,566
ARGUMENT.

1257
00:33:42,133 --> 00:33:43,033
IT'S JUST, IT'S A LITTLE HARD TO

1258
00:33:43,100 --> 00:33:43,666
TAKE COMING FROM HIM AS, AT THE

1259
00:33:43,733 --> 00:33:44,200
START OF THE PANDEMIC, HIS

1260
00:33:44,266 --> 00:33:44,866
"SMALL BUSINESS" RECEIVED A $1.4

1261
00:33:44,933 --> 00:33:45,266
MILLION PPP LOAN.

1262
00:33:45,333 --> 00:33:45,866
AND GUESS WHAT HE DIDN'T THEN

1263
00:33:45,933 --> 00:33:46,166
DO?

1264
00:33:46,233 --> 00:33:47,900
PAY IT BACK.

1265
00:33:47,966 --> 00:33:49,000
HE ALSO HAPPENS TO BE ONE OF THE

1266
00:33:49,066 --> 00:33:49,633
WEALTHIEST MEMBERS OF CONGRESS.

1267
00:33:49,700 --> 00:33:55,300
SO I THINK WE MAY'VE JUST FOUND

1268
00:33:55,366 --> 00:33:55,933
AN ACTUAL BAILOUT FOR THE RICH.

1269
00:33:56,000 --> 00:33:56,566
SOMEONE SHOULD TELL THAT MAN WHO

1270
00:33:56,633 --> 00:33:57,100
DEFINITELY KNOWS HOW A CAR

1271
00:33:57,166 --> 00:33:57,300
WORKS.

1272
00:33:57,366 --> 00:34:04,366
HE'S GOING TO BE SO MAD!

1273
00:34:06,666 --> 00:34:07,200
AND THAT'S THE THING -- FOR ALL

1274
00:34:07,300 --> 00:34:07,833
THE POPULIST SPEECHIFYING THAT

1275
00:34:07,933 --> 00:34:08,466
ESSENTIALLY BOILS DOWN TO, "HOW

1276
00:34:08,565 --> 00:34:09,000
DARE YOU SPEND MONEY ON

1277
00:34:09,065 --> 00:34:09,632
SOMETHING THAT BENEFITS SOMEONE

1278
00:34:09,699 --> 00:34:10,833
WHO'S NOT ME?"

1279
00:34:10,900 --> 00:34:11,466
THE GOVERNMENT SPENDS MONEY ALL

1280
00:34:11,533 --> 00:34:12,565
THE TIME, ON ALL SORTS OF

1281
00:34:12,632 --> 00:34:13,600
THINGS, TO BENEFIT SELECT

1282
00:34:13,666 --> 00:34:14,966
INDIVIDUALS, BECAUSE WE THINK

1283
00:34:15,033 --> 00:34:18,833
THERE'S A NET SOCIETAL BENEFIT.

1284
00:34:18,900 --> 00:34:20,132
FROM FORGIVING LOANS TO SMALL

1285
00:34:20,199 --> 00:34:20,766
BUSINESSES, TO SUBSIDIZING CORN

1286
00:34:20,833 --> 00:34:22,366
FARMERS, TO GIVING HOMEOWNERS

1287
00:34:22,433 --> 00:34:23,733
MASSIVE TAX BREAKS, TO BUILDING

1288
00:34:23,800 --> 00:34:25,233
STADIUMS -- I DON'T LOVE

1289
00:34:25,300 --> 00:34:26,366
SPENDING MONEY ON ALL OF THOSE

1290
00:34:26,433 --> 00:34:26,933
THINGS!

1291
00:34:27,000 --> 00:34:28,565
BUT IF YOU DO, IT FEELS PRETTY

1292
00:34:28,632 --> 00:34:30,300
WEIRD TO SUDDENLY DRAW A HARD

1293
00:34:30,366 --> 00:34:32,033
LINE AT STUDENT DEBT.

1294
00:34:32,100 --> 00:34:33,733
AND WHILE WE WAIT FOR CONGRESS

1295
00:34:33,800 --> 00:34:35,132
TO PASS COMPREHENSIVE DEBT

1296
00:34:35,199 --> 00:34:36,199
RELIEF, I DO HAVE SOME GOOD

1297
00:34:36,266 --> 00:34:36,966
NEWS.

1298
00:34:37,033 --> 00:34:38,866
BECAUSE WHILE THE SUPREME COURT

1299
00:34:38,933 --> 00:34:41,433
STRUCK DOWN BIDEN'S BIG, $400

1300
00:34:41,533 --> 00:34:42,733
BILLION PLAN, TO HIS CREDIT,

1301
00:34:42,833 --> 00:34:45,199
HE'S MANAGED TO GET OTHER,

1302
00:34:45,266 --> 00:34:46,400
MEANINGFUL SOLUTIONS THROUGH, BY

1303
00:34:46,466 --> 00:34:47,800
TWEAKING EXISTING PROGRAMS.

1304
00:34:47,866 --> 00:34:49,300
UNDER HIS ADMINISTRATION, WE'VE

1305
00:34:49,366 --> 00:34:50,565
FORGIVEN NEARLY 12 BILLION OF

1306
00:34:50,632 --> 00:34:51,333
DEBT FOR BORROWERS WITH

1307
00:34:51,400 --> 00:34:52,333
DISABILITIES, AND -- THROUGH

1308
00:34:52,400 --> 00:34:52,866
ADJUSTMENTS TO THE PUBLIC

1309
00:34:52,933 --> 00:34:56,132
SERVICE LOAN FORGIVENESS PROGRAM

1310
00:34:56,199 --> 00:34:56,866
-- ANOTHER $56 BILLION FOR

1311
00:34:56,933 --> 00:34:59,566
NEARLY 800,000 BORROWERS.

1312
00:34:59,633 --> 00:35:01,000
THAT IS SIGNIFICANT FOR THOSE

1313
00:35:01,066 --> 00:35:03,166
BENEFITING FROM IT.

1314
00:35:03,233 --> 00:35:03,966
>> EVERYTHING SAYS: "PAID IN

1315
00:35:04,033 --> 00:35:05,233
FULL."

1316
00:35:05,300 --> 00:35:06,033
>> THE RELIEF AND CELEBRATION

1317
00:35:06,100 --> 00:35:08,133
CAME IN A FLURRY.

1318
00:35:08,200 --> 00:35:09,433
>> I'VE BEEN PAYING ON STUDENT

1319
00:35:09,500 --> 00:35:12,066
LOANS FOR 38 YEARS.

1320
00:35:12,133 --> 00:35:13,466
>> ZERO BALANCE.

1321
00:35:13,566 --> 00:35:14,866
>> TO SEE ZERO -- I'M USED TO

1322
00:35:14,966 --> 00:35:16,333
SEEING ZERO IN MY CHECKING

1323
00:35:16,400 --> 00:35:18,066
ACCOUNT, NOT MY STUDENT LOANS OR

1324
00:35:18,133 --> 00:35:18,833
A CREDIT CARD OR ANYTHING LIKE

1325
00:35:18,900 --> 00:35:19,533
THAT.

1326
00:35:19,600 --> 00:35:23,933
SO, IT'S SHOCKING.

1327
00:35:25,033 --> 00:35:25,600
>> John: THAT IS GREAT, AND IT'S

1328
00:35:25,666 --> 00:35:26,233
HONESTLY THE SORT OF THING THAT

1329
00:35:26,300 --> 00:35:26,700
CALLS FOR A MESSAGE OF

1330
00:35:26,766 --> 00:35:27,066
CONGRATULATIONS.

1331
00:35:27,133 --> 00:35:27,666
AND LUCKILY, I HAPPEN TO KNOW

1332
00:35:27,733 --> 00:35:29,300
JUST THE PERSON TO DELIVER IT.

1333
00:35:29,366 --> 00:35:30,066
>> HEY, SARAH!

1334
00:35:30,133 --> 00:35:32,033
I'M SO GLAD YOUR STUDENT DEBT IS

1335
00:35:32,100 --> 00:35:33,333
ALL GONE!

1336
00:35:33,400 --> 00:35:35,233
CONGRATULATIONS, MAMA!

1337
00:35:35,300 --> 00:35:37,100
[BLOWS KISS]

1338
00:35:37,166 --> 00:35:37,800
>> John: THANK YOU AGAIN,

1339
00:35:37,866 --> 00:35:38,233
SNOOKI.

1340
00:35:38,300 --> 00:35:44,266
[BLOWS KISS]

1341
00:35:44,333 --> 00:35:44,900
AND LOOK, IF YOU PERSONALLY HAVE

1342
00:35:44,966 --> 00:35:45,533
STUDENT DEBT, IT'S WORTH KNOWING

1343
00:35:45,600 --> 00:35:46,366
THIS ADMINISTRATION IS CURRENTLY

1344
00:35:46,433 --> 00:35:46,933
ROLLING OUT THE SAVE PLAN, A

1345
00:35:47,033 --> 00:35:47,733
RETOOLED VERSION OF

1346
00:35:47,833 --> 00:35:48,866
INCOME-DRIVEN REPAYMENT WHICH

1347
00:35:48,933 --> 00:35:50,233
DOES LOOK PROMISING.

1348
00:35:50,300 --> 00:35:52,366
IT LOWERS ELIGIBILITY

1349
00:35:52,433 --> 00:35:53,400
REQUIREMENTS, AND ENSURES THAT

1350
00:35:53,466 --> 00:35:56,366
FOR ANYONE WHO BORROWED LESS

1351
00:35:56,433 --> 00:35:57,366
THAN $12,000, THEIR DEBTS WOULD

1352
00:35:57,433 --> 00:35:58,000
BE WIPED CLEAN AFTER 10 YEARS OF

1353
00:35:58,066 --> 00:35:59,600
PAYMENTS.

1354
00:35:59,666 --> 00:36:00,966
YOU CAN GO TO THIS WEBSITE TO

1355
00:36:01,033 --> 00:36:01,933
SEE WHETHER YOU'RE ELIGIBLE AND

1356
00:36:02,000 --> 00:36:03,766
HOW MUCH IT MIGHT SAVE YOU.

1357
00:36:03,833 --> 00:36:04,833
AND I'M NOT SAYING IT'S PERFECT.

1358
00:36:04,900 --> 00:36:06,033
FOR A START, IT'LL HAVE TO BE

1359
00:36:06,100 --> 00:36:06,766
ADMINISTERED PROPERLY, AND

1360
00:36:06,833 --> 00:36:08,166
REMEMBER, THESE ASSHOLES ARE

1361
00:36:08,233 --> 00:36:10,933
STILL INVOLVED.

1362
00:36:11,000 --> 00:36:12,400
BUT IN JUST ITS FIRST FEW

1363
00:36:12,466 --> 00:36:14,200
MONTHS, THE SAVE PLAN'S RELIEVED

1364
00:36:14,266 --> 00:36:15,866
A TOTAL OF $1.2 BILLION FOR

1365
00:36:15,933 --> 00:36:17,866
150,000 BORROWERS.

1366
00:36:17,933 --> 00:36:18,766
IN FACT, IF YOU TAKE EVERYTHING

1367
00:36:18,833 --> 00:36:20,233
BIDEN'S ADMINISTRATION'S DONE

1368
00:36:20,333 --> 00:36:21,600
TOGETHER, HE'S MANAGED TO

1369
00:36:21,700 --> 00:36:23,400
RELIEVE $138 BILLION IN STUDENT

1370
00:36:23,466 --> 00:36:26,866
LOANS FOR 3.9 MILLION PEOPLE IN

1371
00:36:26,933 --> 00:36:28,466
JUST THREE YEARS.

1372
00:36:28,533 --> 00:36:29,600
THAT'S MORE THAN ANY PRESIDENT

1373
00:36:29,666 --> 00:36:32,500
IN HISTORY.

1374
00:36:32,566 --> 00:36:33,233
AND LOOK, I KNOW WE'RE TALKING

1375
00:36:33,300 --> 00:36:35,533
ABOUT BAND-AID SOLUTIONS HERE.

1376
00:36:35,600 --> 00:36:39,400
EVEN IF WE GOT RID OF ALL THE

1377
00:36:39,466 --> 00:36:39,966
PROBLEMS WITH THE SERVICERS,

1378
00:36:40,033 --> 00:36:40,600
THAT WON'T FIX THE GIANT PILE OF

1379
00:36:40,666 --> 00:36:41,333
DEBT PEOPLE OWE.

1380
00:36:41,400 --> 00:36:42,466
AND EVEN IF WE GOT RID OF THAT,

1381
00:36:42,533 --> 00:36:43,233
THAT WON'T FIX THE CENTRAL

1382
00:36:43,300 --> 00:36:44,566
PROBLEM THAT THE COST OF COLLEGE

1383
00:36:44,633 --> 00:36:47,433
IN THIS COUNTRY IS ABSURD.

1384
00:36:47,500 --> 00:36:51,866
AND THERE ARE PROPOSALS TO FIX

1385
00:36:51,933 --> 00:36:52,466
AND DEAL WITH THAT, EACH WITH

1386
00:36:52,533 --> 00:36:53,066
PROS AND CONS -- FROM PUTTING

1387
00:36:53,133 --> 00:36:54,166
COLLEGES THEMSELVES ON THE HOOK

1388
00:36:54,266 --> 00:36:54,766
FOR A PORTION OF THE DEBT WHEN

1389
00:36:54,866 --> 00:36:55,833
STUDENTS DEFAULT ON LOANS, TO

1390
00:36:55,900 --> 00:36:57,433
MAKING COLLEGE TUITION FREE.

1391
00:36:57,500 --> 00:36:58,200
AND I'M SURE WE'LL DISCUSS THEM

1392
00:36:58,266 --> 00:37:00,233
ANOTHER TIME.

1393
00:37:00,300 --> 00:37:01,833
BECAUSE WE DO NEED TO TACKLE THE

1394
00:37:01,900 --> 00:37:02,466
COST OF COLLEGE, FOR EVERYONE'S

1395
00:37:02,533 --> 00:37:04,900
GOOD.

1396
00:37:04,966 --> 00:37:06,500
AND I'M NOT SAYING COLLEGE IS

1397
00:37:06,566 --> 00:37:07,733
THE RIGHT CHOICE FOR EVERYONE --

1398
00:37:07,800 --> 00:37:09,600
BUT IT SHOULD BE A CHOICE.

1399
00:37:09,666 --> 00:37:11,033
IT CAN UNLOCK A LOT OF

1400
00:37:11,100 --> 00:37:12,100
OPPORTUNITIES, AND BE A NET

1401
00:37:12,166 --> 00:37:14,333
BENEFIT TO ALL OF US.

1402
00:37:14,400 --> 00:37:16,633
SO IT SHOULD BE AFFORDABLE FOR

1403
00:37:16,700 --> 00:37:20,366
EVERYONE, REGARDLESS OF WHAT YOU

1404
00:37:20,433 --> 00:37:20,866
STUDY.

1405
00:37:20,933 --> 00:37:21,366
WHETHER YOU'RE A MEDICAL

1406
00:37:21,433 --> 00:37:23,400
STUDENT, A BUSINESS STUDENT, OR

1407
00:37:23,466 --> 00:37:25,533
A CERTAIN ANTHROPOLGY STUDENT,

1408
00:37:25,600 --> 00:37:26,100
HEROICALLY RAMMING INTO YOUR

1409
00:37:26,166 --> 00:37:30,166
DIPSHIT NEIGHBOR'S CAR.

1410
00:37:30,233 --> 00:37:31,400
A GRATEFUL NATION THANKS YOU.

1411
00:37:31,466 --> 00:37:32,833
AND NOW, THIS.

1412
00:37:32,900 --> 00:37:37,700
>> Announcer: AND NOW,

1413
00:37:37,766 --> 00:37:40,666
COMING UP ON "INSIDE EDITION"."

1414
00:37:40,733 --> 00:37:42,566
JUST TAYLOR SWIFT STORIES.

1415
00:37:42,633 --> 00:37:44,933
♪ ♪

1416
00:37:45,000 --> 00:37:48,266
>> HOLY WAR.

1417
00:37:48,333 --> 00:37:50,600
>> TRUMPS DISCIPLE DECLARE A

1418
00:37:50,666 --> 00:37:52,033
HOLY WAR ON TAYLOR SWIFT.

1419
00:37:52,100 --> 00:37:55,333
>> PLUS, TRANSFER TAYLOR SWIFT'S

1420
00:37:55,400 --> 00:37:55,600
BODYGUARD.

1421
00:37:55,666 --> 00:37:59,100
AND TAYLOR SWIFT 10 MINUTES LATE

1422
00:37:59,166 --> 00:38:02,533
AND HERE SHE IS.

1423
00:38:02,600 --> 00:38:04,100
THE LITTLE GIRL SWEPT OFF HER

1424
00:38:04,166 --> 00:38:08,466
FEET TO MEET TAYLOR SWIFT BY HER

1425
00:38:08,533 --> 00:38:09,566
BOYFRIEND'S SHIRTLESS BROTHER.

1426
00:38:09,633 --> 00:38:11,633
THEN NEW VIDEO PARTYING AT THE

1427
00:38:11,700 --> 00:38:14,700
CLUB WITH MOM AND DAD?

1428
00:38:14,766 --> 00:38:17,333
PLUS, THEY TAYLOR SWIFT

1429
00:38:17,400 --> 00:38:17,600
CHALLENGE.

1430
00:38:17,666 --> 00:38:19,633
AND WHILE LEE TAYLOR

1431
00:38:20,166 --> 00:38:23,366
SHE JUST LOST HER HEELS AND

1432
00:38:23,433 --> 00:38:23,966
MYSTERY OVER WHO REALLY WROTE

1433
00:38:24,033 --> 00:38:25,900
THE BEST SELLER BOOK THAT TURNED

1434
00:38:25,966 --> 00:38:28,633
INTO A MAJOR MOVIE.

1435
00:38:28,700 --> 00:38:30,033
WHO IS ELLIE CONWAY?

1436
00:38:30,100 --> 00:38:32,800
IF SHE REALLY TAYLOR SWIFT?

1437
00:38:32,866 --> 00:38:33,666
IS THIS CANNIBAL HOLD THE KEY TO

1438
00:38:33,733 --> 00:38:34,833
THE MYSTERY?

1439
00:38:34,933 --> 00:38:39,400
AND TAYLOR SWIFT AMNESIA!

1440
00:38:39,466 --> 00:38:41,666
>> THE BIZARRE PHENOMENON

1441
00:38:41,733 --> 00:38:44,866
PLAGUING SWIFTLY NATION.

1442
00:38:44,933 --> 00:38:45,566
>> John: THAT'S OUR SHOW.

1443
00:38:45,633 --> 00:38:48,633
THANK YOU SO MUCH FOR WATCHING.

1444
00:38:48,700 --> 00:38:51,033
WE ARE OFF NEXT WEEK BACK

1445
00:38:51,100 --> 00:38:53,100
MARCH 31ST!

1446
00:38:53,166 --> 00:38:53,666
SEE

1447
00:38:53,733 --> 00:39:00,733
GOOD NIGHT!

1448
00:39:02,066 --> 00:39:02,900
♪ ♪