From investment to crisis: the student loan story

MAY 10, 202230 MIN
Connect the Dots

From investment to crisis: the student loan story

MAY 10, 202230 MIN

Description

<p>How did the student loan crisis get so bad?</p> <p>This week on<a href="https://www.audacy.com/kcbsradio/topic/connect-the-dots"> <em>Connect the Dots</em>,</a> we&rsquo;ll explore the history of the federal student loan program and how it has impacted a generation of borrowers.&nbsp;</p> <p>We spoke with <a href="https://www.wsj.com/news/author/josh-mitchell">Josh Mitchell</a>, author of &ldquo;The Debt Trap: How Student Loans Became a National Catastrophe,&rdquo; and with <a href="https://www.etshermer.com/">Elizabeth Tandy Shermer</a>, author of &ldquo;Indentured Students: How Government-Guaranteed Loans Left Generations Drowning in College Debt,&rdquo; who both explained how the student loan crisis started from systemic flaws in the 1965 Higher Education Act and how that has helped propel the loan program into a $1.7 trillion industry.&nbsp;</p> <p>Subscribe to <em>Connect the Dots</em> on the<a href="https://www.audacy.com/about#app"> Audacy app</a>,<a href="https://podcasts.apple.com/us/podcast/connect-the-dots/id1590852103"> Apple podcasts</a>,<a href="https://podcasts.google.com/feed/aHR0cHM6Ly9vbW55LmZtL3Nob3dzL2Nvbm5lY3QtdGhlLWRvdHMvcGxheWxpc3RzL3BvZGNhc3QucnNz"> Google podcasts</a>, and<a href="https://www.stitcher.com/show/connect-the-dots-5"> Stitcher</a>.</p>