A Fresh Approach to the Student Debt Crisis

student loan ball and chain
Flickr
student loan ball and chain
Flickr

A Fresh Approach to the Student Debt Crisis

Northwestern University announced yesterday that students who receive financial aid will no longer have to take out loans to cover the remainder of the cost of their education. Instead, they’ll receive grants and scholarships. 

We analyze the move and talk about the current state of the student loan debt crisis in this country with Richard Vedder, director of the Center for College Affordability and Productivity, and economics professor at the Ohio University.