Roughly 45 million Americans have student-loan debt. Of those who graduate from a public, four-year university, the average debt is more than $27,000. (Photo: Mark Simons/Purdue University)
As the cost of college skyrocketed, it created a debt burden that’s putting a drag on the economy. One possible solution: shifting the risk of debt away from students and onto investors looking for a cut of the graduates’ earning power.
To find out more, check out the podcasts from which this hour was drawn: “The $1.5 Trillion Question: How to Fix Student-Loan Debt?” and “Freakonomics Goes to College, Part 1.”
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