The Student Loan Burden Part Two

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 15 November 2020

⏱️ 14 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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0:00.0	Welcome to the Jill on Money Podcast. It is Sunday, November 15th and this is the
0:10.0	show where we does your money and
0:13.2	we are trying to provide you with unconventional and also some
0:14.8	entertaining insights on your money and your life and boy where else does your
0:19.3	money in your life collide then with college education.
0:24.4	And we decided to rerun an interview that we conducted with Professor Caitlin Zaloon prior to the
0:30.0	pandemic.
0:31.1	She wrote a book called Indetted How Families Make Colleges Work at Any Cost.
0:36.3	And in this second part of our interview, we're talking about where does education go from here?
0:42.0	It's so expensive, and and man this pandemic has exposed a lot of what you really
0:47.2	get for your dollar when you send your kids away to school. So I hope you enjoy it. If this actually creates some questions for you,
0:54.7	don't hesitate to send us an email. It's Ask Jill at Jill on Money.
0:59.1	Here is the second part of our interview with Caitlin Zoloom.
1:03.0	Are we building essentially what will become a two-tiered system where you have,
1:07.8	you know, really rich people will continue to send their kids to expensive schools
1:11.8	and everyone else will get what in your hope.
1:14.5	Well I think one thing that we need to remember is that in this country we have had
1:20.0	some of the best public colleges and universities in the world.
1:25.4	I'm a graduate of UC Berkeley, that's where I got my PhD.
1:28.4	And so I've seen up close the incredible power of public universities in this country.
1:36.0	There is no engine and okay maybe I'm a little biased but there is really no engine
1:41.4	better than the UC system for creating a middle class for the state.
	...

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