Laffy was on the Nicole Sandler show this morning. The topic: Debt and Destruction
The podcast is here.
From the Radio Or Not website:
I’m one of the lucky ones. My father paid my way through college, as he did for my two sisters as well. We all went to Florida state universities and, back in the 1970′s and 80′s, tuition was remarkably inexpensive.
In 2013, the average college graduate embarked on the next chapter of his or her life with $35,200 of debt and, sadly, limited career and income opportunities. Senator Elizabeth Warren had long advocated for relief and, last May, introduced the Bank on Students Loan Fairness Act, which could come up for a vote tomorrow, and would allow people with higher interest rates to refinance their student loans at the current low rate of 3.4% an option currently denied to most borrowers by federal rules