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The Rundown Podcast - PM Show Tile

Stay in the loop with the Windy City’s biggest news.

The Rundown Podcast - PM Show Tile

Stay in the loop with the Windy City’s biggest news.

Why student loan debt can hinder women and people of color the most

Briana Kidd realized the interest on her student loans was paused and saw a golden opportunity to pay down the principal. Living with her dad, working two jobs and routinely saving money allowed her to pay her balance down from $37,000 to $10,000. Andrew Palomo was able to adopt his now 16-month-old daughter Teresa. And although he’s been paying off his loans for nearly a decade, he still owes nearly $186,000 – “which is a house,” he said. In this episode, Erin Allen talks with WBEZ higher education reporter Lisa Philip about these two very different approaches to the pandemic-era student loan repayment pause – which ended this month – and what the return of loan payments means particularly for borrowers of color, both current borrowers and potential new ones, who may have changing views on the value of higher education.

Stay in the loop with the Windy City’s biggest news.

   

Briana Kidd realized the interest on her student loans was paused and saw a golden opportunity to pay down the principal. Living with her dad, working two jobs and routinely saving money allowed her to pay her balance down from $37,000 to $10,000. Andrew Palomo was able to adopt his now 16-month-old daughter Teresa. And although he’s been paying off his loans for nearly a decade, he still owes nearly $186,000 – “which is a house,” he said. 

In this episode, Erin Allen talks with WBEZ higher education reporter Lisa Philip about these two very different approaches to the pandemic-era student loan repayment pause – which ended this month – and what the return of loan payments means particularly for borrowers of color, both current borrowers and potential new ones, who may have changing views on the value of higher education.

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We can’t let National Transportation Week pass without revisiting our conversation with Lee Crooks. He’s basically a local celebrity, with a highly-recognizable voice. He’s been announcing stops on the CTA for 25 years. “It does become something of a legacy,” Crooks said. In this episode, he talks to host Erin Allen about trains, legacy and Midwest accents. And yes, we have him do the voice. This episode was originally published on Oct. 18, 2023.