The game show, called Paid Off, will give three contestants the chance to relieve some of their student loan by answering trivia questions. The winner of the first group stage will then advance into the second round, where they will be awarded money based on how many quickfire questions they are able to answer in the allotted time.
Lucky winners will be given their money directly so may decide how to spend their winnings, although the hope is that they will use it to pay off a substantial part of their student debt.
When discussing his new show, Torpey told The Washington Post: “I know what we are 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 underpants ad? That’s insane.”
The show is comedic but Torpey wants to make sure that the serious issue of student debt is never far from viewers’ minds; according to The Washington Post the star will make sure to slip in a “super-depressing fact of the week” every episode.
The average cost of yearly tuition in a private college for Americans is currently $21,000 (approximately £15,000), compared to a maximum of £9,250 in the UK. It is believed that the average American college graduate has a debt of $37,000 and the nation’s student debt totals $1.3 trillion.
Paid Off premieres in the US on Thursday night and a UK air date is yet to be announced.