How Far Will the US Go Before The Student Loan Debt Bubble Bursts?
The student loan debt bubbling is growing exponentially in the United States and it may very well burst soon enough. More people are enrolled in two- and four-year universities than ever before and many of those are relying on Uncle Sam in order to pay for that education.
However, these students have been graduating into the worst economy since the Great Depression and without jobs, many are finding tremendous challenges in paying back those loans–loans that total more than $1 trillion, according to the Consumer Financial Protection Bureau.
Host Jamila Bey spoke with Mark Kantrowitz, publisher of Fastweb.com and Finaid, and Dr. Zakiya Muwwakkil, filmmaker behind “Degress of Separation,” which tells the stories of underemployed and unemployed student loan debtors, to learn more about the state of student loan debt in the United States.