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Angela Hill

Tune in to "An Open Mind" for in-depth interviews and lively discussions about the things, people and events in our community!

Weekdays 1pm-4pm

Twitter: @ahillwwl
Email: angela@wwl.com

Angela: Are student loans America's next big nightmare?

We all know what happened when the housing bubble burst. Our economy went into a death spiral that six years later, we are only now coming out of. But according to a recent Bloomberg Businessweek report there is another threat on the horizon; a one trillion dollar student loan debt with an almost 12% delinquency rate.

Those loans are mostly backed by the United States government, which means for every loan not paid by the individuals who took it out… we the taxpayer write the check.

For those who continue to pay twenty, thirty, fifty or one hundred thousand-dollar loans, it may well mean they are not buying a house or a car or many things that might be considered the making of the American dream. It’s a serious problem, and what we need to discuss is the solution.   

FULL AUDIO: Angela talks student loans with debt experts

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People : Bridgett LeBlancBruce MesnekoffElaine MaizellJohn ButlerSeth DunlapThomas FonteWill McBride

02/18/2014 12:38PM
Angela: Are student loans America's next big nightmare?
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