This is the Kator Daily Podcast for Thursday, July 19th, 2018.

I'm Keelip Brown.

Student loan debt continues to dog college students.

It changes their perspective on the world, their

career options and their financial futures.

Isaac Morehouse and T.K. Coleman run Praxis, a professional development program

for young people they bill as an alternative or prelude to the four-year college degree.

We spoke last month.

We are here at FECCON and FIE focuses on helping young people understand incentives,

understand economics, and, you know,

imbues the economic way of thinking to young people and a lot of these people are going to go to college and

Student loan debt has now crossed one and a half trillion dollars and it is larger than either I think

outstanding credit card debt or outstanding auto debt but possibly not both. So in what ways does this

you know government guaranteed borrowing in what kind of ways does that compromise young people

when they get out of college and realize that this large cost is just hanging over them.

Yeah, you know, one of the one of the saddest things that I see is people who have spent their entire life, you know, the first 20 years of it for the most part, or 25 if they went to

grad school or whatnot in schools and not really interacting with the marketplace and trying to, you know,

pick a professional path in school and then they get out and this is probably the most

extreme for lawyers I see it with lawyers more than anybody else and they get into the job that they like

studied for and that they kind of feel like they have to take because that's what they spend all this time and money getting a degree in and in the case of law you literally have to take a law job because no other job will pay you enough to pay back your student loan day.

Yeah, many cases they get out of law school and they go to big law.

Yeah, and they find out a year or two in.

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