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Resource ID: #27719
Subject: Student loans
Source: Raycom Media
Affiliation: 
Date: Dec. 30, 2016

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Description

“Degree of Debt” is a multi-state investigation by Raycom Media that exposes one of the most crippling impacts on the U.S. economy, the virtual explosion of student debt. The numbers are staggering. Over 41 million students owe a collective $1.4 trillion; a figure that dwarfs credit card and auto loan debt combined. Of that $41 million in debt, nearly 8.1 million of those people are currently in default. According to the Congressional Budget Office, over the next decade the federal government will make $81 billion in profit from student loans, over $8 billion a year. The Raycom investigative series used several federal databases along with shoe leather reporting to educate our viewers/readers on the biggest offenders and what needs to change. http://www.vimeo.com/leezurik/IREDegreeofDebt https://www.youtube.com/watch?v=_Y09_yQ9Bwo&feature=youtu.be

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