The Higher Education Cost Crisis: Part 2
We speak with two higher education experts about what needs to change with financial aid in America.
We speak with two higher education experts about what needs to change with financial aid in America.
Last month, Biden’s administration vowed to cancel $10,000 of student loan debt for the average borrower and up to $20,000 for Pell Grant recipients. We highlight what this move achieves (and doesn’t) and what solutions are needed to solve this problem long-term.
Federal student loan debt has ballooned in recent years. In 2007, debt totaled $642 billion dollars. Fourteen years later, this number has risen to close to $1.7 trillion. More than 43 million Americans have student loan debt, with the average person owing around $39,000.
Today, the average student graduating from a four-year, public university leaves with $28,600 in student loans. On top of this, students owe interest once payments kick in, and this can range from 3 to 5 percent for federal loans and can go as high as 12 percent for private loans. For some, the large sum of these loans plus interest can take several years to …
Viewpoints producer, Annie Krall, speaks with student Mev Becoja, who's aid was cut during for her junior and senior years of college.
Student loan debt is set to skyrocket to two trillion dollars by 2022. We talk to students about their differing perspectives on financial aid and debt. We also speak with Mike Bartini, the director of student aid at Bowdoin College, about how important it is that students and families take time to focus on the financials of higher education before …
We discuss the myths surrounding acceptance to an “elite” college and how high school counselors can better serve diverse and often financially strapped students.
A new survey shows that many Americans are suffering from “financial anxiety” and it’s affecting their health and happiness.
We talk with two legal specialists about why law school grads can't find work, and what law schools and law firms can do to help.
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