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The Nod

The Cost of Student Debt

The Nod

Gimlet

Tv & Film, Society & Culture, Arts

4.83.5K Ratings

🗓️ 15 September 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

NYT best selling author Michael Arceneaux chats with Brittany and Eric about his latest book, I Don't Want to Die Poor, and the untold emotional toll of student debt. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey y'all, it's Brittany.

0:02.3

And Eric.

0:03.3

And we are back again with a very special episode of our Quibi show, The Knob with Brittany

0:08.6

and Eric.

0:09.6

This week, we're talking about Dun Dun Dun, Student Loan Dead.

0:15.0

Mmm.

0:16.5

We've all heard it.

0:17.5

Go to college in Yolanda, dream job in a successful career.

0:21.7

But at what cost?

0:23.2

Over 44 million Americans are faced with student debt.

0:27.4

And black people are disproportionately affected.

0:29.8

Today, New York Times bestselling author Michael Arsino joins us to talk about his new book,

0:35.2

I Don't Want to Die Poor.

0:36.8

Plus, he'll share some tips on how to deal with student debt.

0:40.6

Don't go anywhere.

0:42.6

This is The Knob.

0:44.6

Student debt has reached an all-time high of $1.6 trillion in the US.

0:54.1

And on average, black graduates owe $7,400 more than their white peers.

1:00.1

And in the next four years, that gap is expected to triple to $25,000.

1:05.9

Additionally, black graduates earn less money coming out of college than white graduates,

1:11.4

making it harder to pay down loans.

1:13.9

In his latest book, I Don't Want to Die Poor, author Michael Arsino writes about the private

...

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