Detailed text transcripts for TV channel - MSNBC - 20170722:20:55:00
Right. the piece of the big enchilada here. >> that is right. we have a about $1.4 trillion crisis. >> so this is a drop in the bucket. >> it is a high headline number but it is a large amount. we have $1.4 trillion in federal and private loans. 44 million borrowers in the u.s. and student debt is the second highest consumer debt category. >> doing the math on the screen, you have a 11% default and you have $31 billion in amounts here. >> and the financial crisis was north of 20% and now they are 10% and it is a massive issue and they are right behind mortgages now. >> you could take options w...
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