How financial aid letters are confusing parents and students.
Ray Suarez interviews Anya Kamenetz, author of “Generation Debt,” who says too many students are being given advice that leads them into permanent, overwhelming debt.
With student loan debt now nearing $1 trillion, Need to Know looks at the dilemma facing young people: go to college and likely accumulate tens of thousands of dollars in debt, or skip it and risk never qualifying for a higher-paying job.
President Obama, on the last leg of his tour through the western U.S., announced a series of measures to help ease the mounting burden of student debt on Americans.
Will higher education be the next bubble to burst? Here are five things to know about student-loan debt.