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Student Loan Burden Sows Fear Of Debt Bubble
ResumeNew 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.