Organizer Astra Taylor discusses ‘huge amounts’ of medical debt and student loan myths

Author and organizer Astra Taylor highlighted the crippling nature of debt, particularly medical debt, in an interview on Hill.TV’s “Rising”.

“Medical debt is an example of a kind of debt that no one takes on voluntarily,” Taylor said.

“People have huge debts because of medical emergencies, the ambulances they take to get there,” she added, noting that medical debt was “the main cause of bankruptcy in this country.”

“These debts should not exist morally and in many countries and countries with universal health care, they do not exist,” Taylor said.

She added that much of what is considered credit card debt is often medical debt, as people use their credit cards to pay for medical care that they may not be able to afford. or don’t have the insurance to cover.

Taylor also discussed the debt related to education spending and the “myth” that some people use as a reason for not wanting to cancel the student loan debt of students who have received elite training in schools in the Ivy League like Harvard.

“The truth is, undergraduates don’t come out of Harvard with a lot of student debt. Harvard has a huge endowment that covers a large part of the student body, and a lot of the students who go to Harvard are rich. They have parents who can afford the tuition. These are inherited admissions, “Taylor said.

“People who take out student loans do it because they have to,” she added, noting that “the vast majority of people in this country go to public schools, public schools, colleges for purpose. lucrative”.

Federal student loan payments were suspended for nearly two years under a CARES Act warrant. In August, the Biden administration released its latest extension to the reprieve, and loan repayments are expected to resume in January.

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