Why Student Loan Debt Exploded (Tom Ashbrook, On Point)

Americans did not always come out of college with crushing debt. Now, many do. Student loan borrowers have doubled in the last 10 years to 42 million people. And student loan debt has exploded from $240 billion to $1.3 trillion. Borrowers talk about “debt slavery.” But a lot of money has been made on that debt. A new investigative report asks: “Who got rich off the student debt crisis?” This hour On Point, the story behind America’s ocean of student debt. — Tom Ashbrook
Interview:
http://www.wbur.org/onpoint/2016/07/14/student-loan-debt-expense