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Mitch on CNBC Squawk Box this morning on Student Debt

Jan 31, 2002
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Becky Quick Interview (Her Parents went to Purdue). Excellent from Mitch pushing back on rest of us paying

Almost 10 minute interview

Purdue - 60% Graduates in 2021 Debt Free. (National Avg is 45%)

Mitch on $10,000 forgiveness
"This Dead fish isn't smelling any better the older it gets".. fatally flawed. Most benefit goes to top households. Who voluntarily took on the debt. Giveaway to people who don't need it. 99% Purdue grads paid off their debt - What do you tell them"

Becky - "If you paid off your debt you now get the privilege to pay off others debt"

National Average $37K, but 6-7% of borrowers owe half the total debt. ($300-$400K i.e. Med and Law school). 40% of debt from Private Universities

Mitch - "also put Universities on the hook"

Mitch is the GOAT - Talks the talk and walk the walk on managing higher education costs. Purdue bang for the buck (Esp STEM) is hard to beat

Short 3 minute clip of 10 minute interview
 
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