The Student Loan Burden Part One

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 14 November 2020

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last week in the NYT there was an article titled, For Millions Deep in Student Loan Debt, Bankruptcy Is No Easy Fix, which basically explains how darn difficult it is to discharge student loan debt, with only a few hundred people a year even trying. It's a very good read, so I suggest you check it out. It got us thinking that we should re-run an interview from last year with Caitlin Zaloom, professor and author of Indebted: How Families Make College Work at Any Cost. The book does a great job of takes readers into the homes of middle-class families throughout the nation to reveal the hidden consequences of student debt and the ways that financing college has transformed family life. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:28.1	Te's and sees apply. Welcome to the Jill on Money Podcast. It's the weekend, Saturday, November 14th.
0:40.0	And Mark and I were thinking a lot about the student loan crisis in the US.
0:45.0	I know we are in this forbearance period where if you have a federal student loan,
0:51.0	you don't have to pay any interest on it at 0% and you don't have to make a payment
0:55.2	through the end of this year.
0:57.2	But just in the midst of that forbearance period, which is, you know, just a break, a
1:01.8	breathing room.
1:03.1	We noticed an article by our friends over at the New York Times,
1:07.2	Ron Leiber, and Tara Siegel Bernard.
1:10.4	And they wrote quite extensively about the student loan debt crisis,
1:15.8	but most importantly that once you declare bankruptcy,
1:20.1	it's actually very difficult to discharge student loan debt.
1:25.0	Now Mark's going to put a link to that article in our show notes,
1:29.4	but we thought it would make a lot of sense to re-air an interview that we conducted with Caitlin Zaloom.
	...

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