The new show "Paid Off" premiers on TruTV and 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 prizes, the show will reward winners by PAYING OFF THEIR LOANS. 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.
The producers actually 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.
The show wants to make people aware of the debt crisis for student loans and at the end of every episode host Michael Torpey says, "Call your representatives right now, and tell them you need a better solution than this game show."
According to the "Washington Post", 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.