Also in this playlist...
This transcript is automatically generated
Mike -- -- a major problem -- students who take out huge debt.
And then -- and then don't finish school for the more immediate dilemma there's a bipartisan senate plan.
Propose -- Democrat Joseph -- Republicans Tom Coburn Lamar Alexander and Richard -- An independent Angus King it would link student loans to the financial markets instead of having congress set the rates.
You know it's about policy it's about what's good for the country not what's good for either party and not -- -- game somebody to make him look man.
Credit elevate yourself and so what you have is a group of people very interest in different interest saying.
Let's stop this crap let's start -- supplement helps a country.
A group of more than thirty senate Democrats would prefer a one year extension of the low rates.
Though a key figure in that group says they could didn't do something more permanent.
I'm not so certain that we can't have a good bipartisan agreement on this.
In the confines and context I should say the higher education.
We're not that form part now not that four -- -- a few things out there.
Meanwhile college students with easy access to affordable -- has created some side issues experts say it's allowed colleges to charge a lot more.
And many students rack up big bills without earning a degree.
It's only now that we're really starting to -- -- to feel the pain because this student loan.
-- total student debt is finally reaching point for people are saying -- about it.
Is it really worth taking up this much debt for what little.
Long term value I'm getting out of.
Congressional sources say we should expect the loan interest rates issue to get fixed.
It'll certainly be retroactive so students are not punished -- let's hope so Michael record number of Americans sixty and older or caring student loan debt as well.
That's according to the Federal Reserve Bank of New York which reports out some of those folks took out loans to pay for their children's education.
And -- others went back to school themselves perhaps after they lost their jobs in the Great Recession.
The Pew Research Center reports that back in 2001 virtually no households headed by senior citizens at any -- debt -- at all now it's about 3%.
Filter by section