In Brief: It's a Debt Trap (with Justin Wolfers)
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Is the US Debt of the Quality of Student Debt?
Many of your listeners probably have student debt. I grew up in Australia with very little student debt because the government paid for most of my education. But when my students complain about their debt, I point out to them they got something incredibly valuable in return. A typical college graduate over the course of a lifetime will earn more than a million dollars more than someone without a college degree.
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