Sen. Elizabeth Warren (D-MA) and Rep. Jim Clyburn  (D-SC) have introduced legislation to cancel student loan debt for millions of Americans.

Sen. Elizabeth Warren (D-MA) and Rep. Jim Clyburn (D-SC) have introduced legislation to cancel student loan debt for millions of Americans.

About 45 million Americans have student loan debt, according to a 2018 analysis by the Federal Reserve Bank of New York.

And it all adds up to $1.6 trillion.

Student debt and what to do about it has already become a 2020 campaign issue. Sen. Elizabeth Warren of Massachusetts, for instance, has proposed a plan to cancel $640 billion in student loan debt, saying that the problem has reached a “crisis” level.

It wasn’t always this way. A number of colleges in the U.S. used to be tuition-free..

How did students start having to borrow so much to pay for college? Who can address the student debt crisis?

Produced by Paige Osburn.

Guests

  • Tressie McMillan Cottom Author, "Lower Ed: The Troubling Rise of For-Profit Colleges In The New Economy" and "Thick: And Other Essays"; assistant professor of Sociology, Virginia Commonwealth University; @tressiemcphd
  • Paul Tough Author, "The Years That Matter Most: How College Makes or Breaks Us"; @paultough
  • Michelle Singletary Syndicated columnist of "The Color of Money" for The Washington Post; @SingletaryM

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