and joining me now for more someone to share a lot of play about this of robert applebaum founder of forgive student loan. thanks for joining us robert a lot of shrilly on dollars of total outstanding student that just how big of a problem is this in the u.s. well you keep you. but. it's very hard to wrap your mind around the figure of one trillion dollars but when you consider that a norm is that. not only recent college grads but people who are in their thirty's or forty's fifty's and beyond to look at paying for their student loans for decades and have paid for their education many times over but still have to figure balances on their accounts. economically some. of that debt and how we could be doing so much more to stimulate the economy if these loans were forgiven. and robert can you talk a little bit about you know with this huge amount of students that how it's impacting the everyday lives for students that are saddled by this that you know the types of life choices. and investments that people are delaying as a result of that absolutely i worked on this issue for you know nea

to spend and that will create demand it will create economic growth and it will create jobs robert applebaum says bailing out students rather than banks will stimulate the economy by putting more cash in the pockets of the educated middle class they're not starting businesses they're not buying cars they're not buy houses they're not starting families not having children in other developed countries getting a financial education isn't such a financial burden you have free tuition in france denmark and sweden finland they don't pay anything of public universities and when they do pay the price tag isn't as shocking as it is in the u.s. twenty one countries in europe for which we have data. there's only four. you have to is more than two hundred dollars compare that to an average of over eight thousand for public and over twenty eight thousand dollars for a private u.s. college as many cost much more the average schools are charging thirty five to forty five thousand dollars a year and we say i work at two universities and i net about. twenty eight thousand dollars a year and it's not getting