Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Student Loan Debt CRUSHING Millennials, And The Economy
Posted
March 30, 2018
Views
59,887
Likes
1,124
Comments
365
Engagement
2.49%
March 30, 2018
59,887
1,124
365
2.49%
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7:23Now PlayingTuition keeps going up, wages don't. Ana Kasparian and Mark Thompson, hosts of The Young Turks, discuss. Tell us what you think in the comment section below.
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"Higher tuition fees led to an increase in student debt of as much as 74%, according to new research.
And while students from higher income backgrounds have been able to turn to their families for help with the debt, those from more disadvantaged backgrounds are increasingly having to work to pay their way through university, or opting not to go in the first place.
A survey of income and expenditure among students has, for the first time, captured in detail the impact of the U.K. government’s controversial decision to lift the cap on tuition fees.
While fees had previously been limited to a maximum of £3,325 ($4,715) a year, they were raised to a maximum of £9,000 ($12,760) with effect from September 2012, and now stand at £9,250 ($13,115) in all but a handful of universities, making U.K. students the most indebted in the world.
The survey found that while first year students had an average net debt of £5,933 ($8,411) in 2011/12, by 2014/15, after the cap on tuition fees was raised, that figure had risen to £10,300 ($14,600), an increase of 74%.”*
Hosts: Ana Kasparian, Mark Thompson
Cast: Ana Kasparian, Mark Thompson
***
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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