Economy

Who Is Getting Rich Off the $1.3 Trillion Student Debt Crisis?

A stunning 42 million people now owe $1.3 trillion in student debt.

Photo Credit: http://www.laalliance.org

Democracy Now! continues its conversation looking at student debt. A new investigative report published by Center for Investigative Reporting peels back the layers on this trillion-dollar 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 profit-making corporations. We speak to Pulitzer-Prize-winning journalist James Steele and Saul Newton, who was profiled in the article. Saul dropped out of the University of Wisconsin-Stevens Point because of rising costs and student debt.

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