What have you always wondered about the economy? Tell Us

Half a million bucks in student debt?

Tess Vigeland Apr 6, 2012

Student debt is reaching new heights for many American students. Money host Tess Vigeland, senior producer Paddy Hirsch and personal finance expert Liz Weston listen to some particularly harrowing stories of student debt. One med student is faced with $440,000 in student debt, which he says is “not an uncommon number” among his peers. Grads and students shared similar stories of finding cheap and free ways to have fun and giving up material comforts to make ends meet.

Liz Weston — whose 9-year-old daughter was listening in — said that the conversation about student debt has to start long before the student even start applying for college: Their freshman year of high school. “You don’t have the conversation when they have the acceptance letter in their hands,” she said. Parents must clearly lay out how much they are willing to give towards their child’s education and how to manage debt responsibly.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.