There’s a new book out about the student loan crisis, or what author Sandy Baum suggests is a “bogus crisis.” Baum, a financial aid expert and senior fellow at the Urban Institute, claims it has been manufactured by the media in search of a spicy story and fueled by politicians pushing “debt free college” proposals.
We had a few questions for Baum about the book, Student Debt: Rhetoric and Realities of Higher Education.
Roughly 43 million people today hold more than $1.3 trillion in student loan debt. And many are struggling to pay the money back. But you say Americans have been misled about the seriousness of the problem?