Detailed text transcripts for TV channel - MSNBC - 20130510:07:59:00
Right now in american higher education in a vicious cycle, higher tuition, more debt. >> right. that's exactly it. if there wasn't financing available, colleges wouldn't be able to raise the cost of tuition, particularly private colleges. because there is financing available and such an emphasis placed an attending school, colleges can raise tuition as much as they want and far out-paces inflation and always a lender who is willing to charge them an exorbitant rate. once these kids graduate and get good paying jobs they are unable to refinance that high debt into something more sustainable and...
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