The Burdens of Student Loan Debt
Thursday, June 09, 2011
Lauren Asher, Founder of the Project on Student Debt, and journalist Malcolm Harris, discuss the parallels between the student loan debt crisis and the recent housing crisis. The price of tuition has increased 900% since 1978, making student loans necessary for most students seeking higher education. The total student debt—currently at $830 billion dollars—has exceeded credit card debt in the U.S. Yet despite the trend in growth, some believe comparisons to the housing crisis may have been blown out of proportion.