Listen in tomorrow at 9 a.m. for a segment on students borrowing more money than they can handle.
Not only do Americans’ student loans exceed their credit card debt, but the U.S. Secretary of Education expects students will soon default at the highest rate since 1998. Midmorning explores the lending practices that experts blame for students’ struggle to pay back their loans.
Guests will be:
- Erica Sandberg, financial education director and co-host for the web-based video program Change Starts at Home, as well as a columnist and reporter for CreditCards.com. She is author of Expecting Money: The Essential Financial Plan for New and Growing Families.
- Zac Bissonnette, reporter with Daily Finance and author of Debt-Free U: How I Paid for an Outstanding College Education Without Loans, Scholarships, or Mooching off My Parents. He is a senior at the University of Massachusetts.