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Cost of Bachelors Degree Up 46 Percent Over 10 Years, Spending on Students Rose Just 6 Percent

There is over $1 trillion in student loans on the books. Between 2000 and 2010, the cost of a bachelors degree at state schools went up 46 percent while spending on students rose a whopping 6 percent. Educating America's future is big business and the consumers are losing. Rolling Stone's Matt Taibbi explains the problem with the new student loan bill in Congress, why student loans lead to indentured servitude, how we could make college more affordable, why the student loan crises is like the housing crises and how student loans are crushing young people and the middle class. Part one of Taibbi's discussion with Sam Seder is above, and continues along with parts two and three below.

 

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