The Onion Fact-Checks Claims About Student Loan Debt

By admin On Jul 5, 2023

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President Joe Biden’s plan to forgive up to $20,000 of some Americans’ student loans has inspired widespread political debate. The Onion fact-checks claims about Biden’s plan and student loan debt in general.

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CLAIM: Student loan forgiveness will cause inflation.

REALITY: No one knows what causes inflation.

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CLAIM: There are better ways this money could be spent to help people.

REALITY: True, but Democrats lack the political capital to give every American an above-ground pool.

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CLAIM: You don’t pronounce the “b” in “debt.”

REALITY: This is false. The proper pronunciation puts a strong emphasis on the “b” sound.

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CLAIM: Biden supported the 2005 bankruptcy bill that made the student debt crisis exponentially worse.

REALITY: True, but also 10k is 10k.

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CLAIM: I worked my way through college.

REALITY: Sure you did.

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CLAIM: This will make universities raise their tuition.

REALITY: Institutions that charge $70,000 per year already have dozens of other rationales for raising tuition primed and ready to go.

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CLAIM: If Biden wanted to, he could single-handedly forgive all student loan debt.

REALITY: The only man who can provide total forgiveness is Jesus Christ.

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CLAIM: The cost will be largely borne by the wealthiest Americans.

REALITY: America will never ask the wealthy to do anything they don’t want to.

The Onion

The Onion Fact-Checks Claims About Student Loan Debt

CLAIM: Student loan forgiveness will cause inflation.

CLAIM: Student loan forgiveness will cause inflation.

CLAIM: There are better ways this money could be spent to help people.

CLAIM: There are better ways this money could be spent to help people.

CLAIM: You don’t pronounce the “b” in “debt.”

CLAIM: You don’t pronounce the “b” in “debt.”

CLAIM: Biden supported the 2005 bankruptcy bill that made the student debt crisis exponentially worse.

CLAIM: Biden supported the 2005 bankruptcy bill that made the student debt crisis exponentially worse.

CLAIM: I worked my way through college.

CLAIM: I worked my way through college.

CLAIM: This will make universities raise their tuition.

CLAIM: This will make universities raise their tuition.

CLAIM: If Biden wanted to, he could single-handedly forgive all student loan debt.

CLAIM: If Biden wanted to, he could single-handedly forgive all student loan debt.

CLAIM: The cost will be largely borne by the wealthiest Americans.

CLAIM: The cost will be largely borne by the wealthiest Americans.

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The Onion Fact-Checks Claims About Student Loan Debt

CLAIM: Student loan forgiveness will cause inflation.

CLAIM: Student loan forgiveness will cause inflation.

CLAIM: There are better ways this money could be spent to help people.

CLAIM: There are better ways this money could be spent to help people.

CLAIM: You don’t pronounce the “b” in “debt.”

CLAIM: You don’t pronounce the “b” in “debt.”

CLAIM: Biden supported the 2005 bankruptcy bill that made the student debt crisis exponentially worse.

CLAIM: Biden supported the 2005 bankruptcy bill that made the student debt crisis exponentially worse.

CLAIM: I worked my way through college.

CLAIM: I worked my way through college.

CLAIM: This will make universities raise their tuition.

CLAIM: This will make universities raise their tuition.

CLAIM: If Biden wanted to, he could single-handedly forgive all student loan debt.

CLAIM: If Biden wanted to, he could single-handedly forgive all student loan debt.

CLAIM: The cost will be largely borne by the wealthiest Americans.

CLAIM: The cost will be largely borne by the wealthiest Americans.

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