Game shows have been a major part of Americana for decades. Most of us can remember waking up to Bob Barker or watching Wheel of Fortune. Most of the prizes were always the same: cash, cars, and vacations to paradise. But now there’s a unique show coming to truTV with a prize guaranteed to make those with student loan debt pay attention.
The show, set to debut today, is called “Paid Off”. It’s been suggested that this is the classic game show you love, but with a Sallie Mae Twist. That’s right! If you win this game show, you will have all your student loan debt wiped away. In reality, it’s a sign of the times.
Currently, there are 44 million Americans who hold an estimated $1.5 trillion. That’s a lot of student loan debt! And if you’re one of those millions who struggle, you can become a contestant. Having your debt wiped away is a dream for many. Life is incredibly difficult for those under this burden. It doesn’t appear to be going away anytime soon.
Unless you believe you have a chance at winning a game show, there are other ways to take care of your debt. Financial Helpers has been the bedrock of the student loan forgiveness community for a long time. We’ve helped thousands of people just like you determine if they qualify for loan forgiveness. To learn more, call us today at:
Student Loan Debt and “Paid Off”
Set to air tonight on truTV (check local listings), “Paid Off” is a once-in-a-lifetime TV show. It goes to show how many people are struggling with their student loan debt. If it wasn’t such a problem, then a show like this might not be worth the watch. But truTV execs wholeheartedly believe the show will resonate well with viewers.
“It speaks directly to our audience,” Goldman told The Atlanta Journal-Constitution. “This debt is holding people back. It’s keeping them from buying homes, getting married, having kids.”
“Paid Off” is slated for 16 episodes and it will be hosted by comedian Michael Torpey. Most of the contestants will be in the upper 20s to early 30s. Three contestants will compete against each other to have their student loan debt completely wiped away. Although, the show hasn’t specified how much debt they will actually wipe away.
Several contestants on the show have as much as $50,000 in student loan debt. According to the Federal Reserve, as many as 16 million students have $25,000 or more. This type of debt is forcing young adults to delay life decisions, such as buying a home, a car, or even marriage.
Short of winning on “Paid Off”, it doesn’t appear the student loan debt crisis is going away anytime soon. The government can’t seem to compromise on a good course of action. In the meantime, the amount of student loan debt continues to climb rapidly. Let’s hope “Paid Off” is a success and helps a lot of students.