Josh Mitchell
speaker
438 appearances
7 recordings
1 series
first heard Jul 2017
last heard Feb 2022
Josh Mitchell’s voice in public audio — every appearance, attributed to the second.
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Appearances
So, for example, the latest cohort of graduates that they studied were those born in the 1980s.
That means the oldest of that group was born in 1989.
So they're about 30 years old.
I'm sorry, the youngest is about 30 years old.
And so if you think about that, you've only been out of college for about six years if you went the traditional route, maybe six or eight years.
And so you're still pretty early on in your career and it's still pretty early to say what the wealth premium is going to be for that group.
But all that being said, even if you take all of the available research and the available data that's out there, it does appear that the wealth premium has declined significantly.
So there seems to be something going on that economists find somewhat troubling.
But the overall picture is college graduates are still in pretty decent shape.
It's just maybe not as in good shape as they used to be on average.
Yes, thank you so much.
Yeah, Congress is studying this wide-ranging bill that would reset higher education law.
in the United States, and one of the provisions in it is to study changes or make changes to the student loan programs.
And the Consumer Bankers Association, which is the main lobby group for banks here in the U.S., the private banks, they're pushing for some of the changes in the bill.
And the idea is if you set stricter limits on how much debt students and parents can take out in federal loans,
At least some of those students and parents will be forced to turn to private markets to cover some of their bills.
There were several changes that took place.
Obviously, when the financial crash happened, lending in general started to tighten up.
It froze up.
And the thing with the student loan program is the federal loan program used to use private banks to make the loans, and then the government would guarantee those loans, so taxpayers would still be on the hook.
Showing 321–340 of 438 · page 17 of 22
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