Tuesday, August 20, 2013

Matt Taibbi: U.S. Student Loan Bubble Saddles a Generation With Debt and Threatens the Economy

Matt Taibbi: U.S. Student Loan Bubble Saddles a Generation With Debt and Threatens the Economy 1/2
Aug 20, 2013 | democracynow

http://www.democracynow.org - On the heels of President Obama's signing of a measure keeping federally subsidized student loans at a relatively low rate through 2015, Rolling Stone political reporter Matt Taibbi joins us to discuss how the high price of U.S. college tuition and the federal expansion of student debt to pay for it pose a major threat to the economy. In his new article, "Ripping Off Young America: The College-Loan Scandal," Taibbi writes: "The dirty secret of American higher education is that student-loan interest rates are almost irrelevant...[...]


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