Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Who Is Getting Rich Off the $1.3 Trillion Student Debt Crisis?
Posted
June 29, 2016
Views
44,369
Likes
656
Comments
312
Engagement
2.18%
June 29, 2016
44,369
656
312
2.18%
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10:02Now PlayingWe continue our conversation looking at student debt. A stunning 42 million people now owe $1.3 trillion in student debt. A new investigative report published by Center for Investigative Reporting peels back the layers on this trilliondollar industry. The article, titled "Who Got Rich Off the Student Debt Crisis," follows what happened after the federal government relinquished direct control of the student loan program and opened it up to banks and profitmaking corporations. We speak to PulitzerPrizewinning journalist James Steele and Saul Newton, who was profiled in the article. Saul dropped out of the University of WisconsinStevens Point because of rising costs and student debt.
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