The more you know, the less you could owe!
According to a 2017 study, student debt afflicts 44 million Americans, with the average student now carrying $37,000 in loans. The total amount owed in the U.S. exceeds $1.3 trillion.
TruTV may have a solution to getting students out of debt, that doesn’t include getting them into more debt. The network is has a new game show called "Paid Off." According to the network, “It's a question-and-answer-type show where the contestants are young adults in their late-20s and early-30s, who are saddled with significant student loans.” Instead of trips & prizes, contestants will have their student loans paid off. It's unclear how that'll work, but it sounds like the amount that the winner gets for their debt depends on how well they do.
Producers looked into paying off the loans with the creditors directly, but the logistics and tax implications got too complicated. So, the winners will just get a check like a normal game show. Host Michael Torpey says, quote, "It's an absurd show to match an absurd crisis. A game show feels really apt because this is the state of things right now. I know what we're doing is a little ridiculous, but in a way the show matched my family's story. The only way we could pay off student loans was because I booked an underwear ad? That's insane."
Some people are saying it’s a bit dark, especially since the show is mostly comedic. Producers are aware of the delicate situation and are actually hoping this does raise awareness. At the end of every episode Torpey say’s, "Call your representatives right now, and tell them you need a better solution than this game show."
The show airs Tuesdays at 10pm on TruTv.