US students buried under crushing college debt

Americas Now

College debt has surged to alarming levels in the United States. Tens of millions of students owe enormous amounts. And many are defaulting.

Correspondent Mike Kirsch reports from California on the growing debacle of student debt.

A staggering 40 million students are in debt or have defaulted on their college loans in the United States. How much debt? Almost one and a half trillion dollars’ worth. And yet unlike failing Wall Street banks who declared bankruptcy during the 2008 recession, college students today are not offered this same kind of relief.

Among those defaulting are thousands of students from Latin American countries who say the American Dream has plunged them into life-crushing debt.

Check out Mike Kirsch’s report for “Americas Now” here.

U.S. students buried under crushing college debt

U.S. students buried under crushing college debt

College debt has surged to alarming levels in the United States. Tens of millions of students owe enormous amounts. And many are defaulting. Correspondent Mike Kirsch reports from California on the growing debacle of student debt. A staggering 40 million students are in debt or have defaulted on their college loans in the United States. How much debt? Almost one and a half trillion dollars’ worth. And yet unlike failing Wall Street banks who declared bankruptcy during the 2008 recession, college students today are not offered this same kind of relief. Among those defaulting are thousands of students from Latin American countries who say the American Dream has plunged them into life-crushing debt. Check out Mike Kirsch’s report for “Americas Now” here.

  • Mary, are you part of I Am Ai?

  • george wu

    So I became a registered architect after years of hard work in college. But I am a poor 80 years old man without a job because nobody would hire an old man now ! So what ?!