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Student Loan Burden Sows Fear Of Debt Bubble10:00
PlayNew data from the College Board shows nearly one in 10 recent graduates making payments on their student loans defaulted within two years. That's not just a problem for students struggling to keep up with their payments.
Kicking off our series on student debt, Here & Now's Jeremy Hobson is joined by two economists to help make sense of what more than $1.3 trillion of student loan debt is doing to the economy.
What's your student loan debt story? Tell us on Facebook or in the comments.
Guests
- Diane Swonk, chief economist with Mesirow Financial. She tweets @DianeSwonk.
- Mohamed El-Erian, chief economic adviser at Allianz SE and former CEO of PIMCO (Pacific Investment Management Company). He also chairs President Obama’s Global Development Council. He tweets @elerianm.
This segment aired on November 5, 2015.
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