In this 2012 Moyers Moment from Moyers & Company, Heather McGhee, director of the Washington office of the research and advocacy organization Demos, talks about the crushing burden of student debt. She points out that while young people are paying as much as 18 percent interest on private student loans, “the banks they’re paying that interest to are getting, basically, a zero-interest loan from the government every day.”
by billmoyers.com
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