The average student debt burden in the U.S. is about $30,000. But Derek Thompson of The Atlantic writes that the biggest default threat is on smaller loans.
A new White House report found that loans of less than $10,000 accounted for nearly two-thirds of all defaults in 2011. Fewer than one in six undergraduate borrowers with $5,000 in initial debt completed college, a lower rate than higher borrowers.
Here & Now's Meghna Chakrabarti speaks with Thompson about the problems facing students who borrow smaller amounts.
This segment aired on July 25, 2016.