Sep 27, 2018

Let’s talk about college debt

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(Markets Edition) The Federal Reserve announced a raise in interest rates yesterday. We review Federal Reserve chair Jerome Powell's speech on the limits of the central bank in steering the American economy. Also, a new study finds that student debt is widening the wealth gap between black and white households. We look at the ways in which borrowing and support for borrowing, differs between black and white college students and grads. And for students heading to college, the Free Application for Federal Student Aid opens on Oct. 1. Personal finance expert Beth Kobliner wants to encourage families to have “the talk” about borrowing for college early. Today's show is sponsored by Battelle (Battelle.org/QI), Indeed (Indeed.com/marketplace) and Purple Mattress (purple.com). (09/27/18)

Segments From this episode

Beth Kobliner on having the "talk" with your kids about the cost of college

Sep 27, 2018
Tips on less-terrifying ways to talk about the cost of college with kids.
About 60 percent of those who went to college had to take out student loans to pay for it. 
Dan Kitwood/Getty Images

Student loans make wealth gap worse for blacks

Sep 27, 2018
New study examines race and student debt.
Students walk through the campus of Yale University. 
Yana Paskova/Getty Images

(Markets Edition) The Federal Reserve announced a raise in interest rates yesterday. We review Federal Reserve chair Jerome Powell’s speech on the limits of the central bank in steering the American economy. Also, a new study finds that student debt is widening the wealth gap between black and white households. We look at the ways in which borrowing and support for borrowing, differs between black and white college students and grads. And for students heading to college, the Free Application for Federal Student Aid opens on Oct. 1. Personal finance expert Beth Kobliner wants to encourage families to have “the talk” about borrowing for college early. Today’s show is sponsored by Battelle (Battelle.org/QI), Indeed (Indeed.com/marketplace) and Purple Mattress (purple.com). (09/27/18)

The team

Stephen Ryan Producer, BBC

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