I am surprised this interview seems to ignore that the larger problem is coming from students who take loans out, but then drop out of the program before graduating, making it even harder to pay back their loans.
I'm surprised you comment without reading the article. Not really though.
>The problem is that we have a lot of people actually borrowing small amounts of money, going to college, not completing [a degree] or completing credentials that don't have labor market value. They tend to be older. They tend to come from disadvantaged, middle-income families and they're struggling. [But] not because they owe a lot of money.
Yes but the interview seems to imply that this diminishes or somehow makes the case for the problem overblown. It says yes this is a problem, but doesn't really go into any specifics on why it's a bigger problem for those borrowers or that this is where the defaults are coming from. I guess
I could have worded my comment better to say that I felt it wasn't given enough attention or depth.
Totally support you pointing this out. However I hope you will indulge a random person, and let me suggest that your angry, aggrieved tone diminishes your contribution.
>The problem is that we have a lot of people actually borrowing small amounts of money, going to college, not completing [a degree] or completing credentials that don't have labor market value. They tend to be older. They tend to come from disadvantaged, middle-income families and they're struggling. [But] not because they owe a lot of money.