The Madeleine Brand Show

A weekly look at Southern California life, news, arts and culture, and more. Hosted by Madeleine Brand

Raising interest rates on $1 trillion of student debt

by The Madeleine Brand Show

20919 full
Many students will graduate with massive student loan debt. Brittany Knotts/KPCC

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.

blog comments powered by Disqus

Enjoy The Frame? Try KPCC’s other programs.

What's popular now on KPCC