John Oliver explains why so many students in the US acquire such large college debts and have a hard time paying off their loans. It is a familiar story. A government program meant to serve a good end is handed over to the supposedly efficient private sector to manage, which then turns out to be both inefficient and corrupt and results is people making loan payments for decades while making hardly a dent in the principal.
Oliver says that Joe Biden, over the objections of Republicans and obstacles placed by the US Supreme Court, has actually managed to eliminate or reduce student debt for a considerable number of people.