Ep 37: Caitlin Zaloom on the Explosion of Student Debt
Brave New World -- hosted by Vasant Dhar
00:00
College Education - Is That Part of the Problem?
People feel that they have a moral obligation to send their kids to the best possible school. At the same time, there's sort of a structural aspect to this, where people are being encouraged to take loans to make good on that moral obligation. And in the process, what's happening is that the market is inducing them to take more risk than they may be capable of ming.
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