The Money with Katie Show cover image

Pt. 1: Money, Millennials & the Bizarre American Fever Dream: The Culture & Economy that Made Millennials

The Money with Katie Show

00:00

Student Lending Is a Big Deal for the US

Many schools offer credit for internships, treating them as if they had the educational value of a course. This three party relationship means that students are paying their colleges and working for companies. And in return, both will confirm for anyone who asks that the student indeed paid for the credits and performed the labor. The department of education expects to reap 18 dollars and 99 cents in profit on every hundred dollars in loans originated in 20 14. Even someone who attempts to stop pying can simply have their wages garnished by the feds.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app