Friday, June 01, 2012

EDUCATION - Student Loans, Pay or Not Pay

"Student Loan Debt: To Pay or Not to Pay?" PBS Newshour 5/31/2012

Excerpt

RAY SUAREZ (Newshour): Now: the ever-rising burden of student debt.
Last night, "NewsHour" economics correspondent Paul Solman looked at the consequences for millions struggling to pay off their loans in a tough job market.

Tonight, he explores the question of whether major debt should be forgiven.

It's part of his ongoing reporting Making Sense of financial news.

PAUL SOLMAN: Some million-and-a-half students will graduate with a four-year degree this spring, another 700,000 with a two-year associates degree. And yet, despite a debt load averaging nearly $25,000, says Robert Applebaum:

ROBERT APPLEBAUM, ForgiveStudentLoanDebt.com: There's five applicants for every job opening. And the jobs that do -- are available don't pay enough to allow people to repay their student loans.


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