The student loan crisis has reached epic proportions. Beyond the basic fact that it could be the next financial cries, with debt exceeding one trillion dollars, its impact on higher education, at a time when that education is a prerequisite for today's employment market, makes the problem all the more profound and complicated. It also makes it a matter of urgent attention in the realm of public policy.
Joel and Eric Best take a comprehensive look at the scope and history of the problem in The Student Loan Mess: How Good Intentions Created a Trillion-Dollar Problem.
My conversation with Joel & Eric Best: