The Madeleine Brand Show for April 20, 2012

Raising interest rates on $1 trillion of student debt

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Brittany Knotts/KPCC

Many students will graduate with massive student loan debt.

Americans owe almost $1 trillion in student loans. Now many face higher payments. Interest rates on federal students loans are set to double in July from 3.4 percent to 6.8 percent. President Obama is launching a major campaign to convince Congress to extend the lower interest rate, including a Twitter campaign, an appearance on the Jimmy Fallon show and multiple speeches about the issue.

Christine Lindstrom of the Public Interest Research Group joins the show to put student debt in context, and discuss various solutions to our crippling debt load.

Guest:

Christine Lindstrom is the Higher Education Program Director for U.S. PIRG student chapters, a non-profit consumer advocate.


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