Noted: In this week’s episode of “Pitchfork Economics,” Nick Hanauer and David Goldstein spoke with Fenaba Addo, an associate professor at University of Wisconsin Madison whose research focuses on racial disparities and student debt.
Addo points out that “approximately 45 million borrowers” owe more than $1.5 trillion in college loans. And while a few disingenuous pundits would like to claim that figure is largely made up of people spending above their means to attend overpriced elite institutions, the truth is that only six percent of student loan borrowers owe more than $100,000.