Jun 13

How college loans exploit students for profit: TED Talk by Professor Sajay Samuel

“Once upon a time in America,” says professor Sajay Samuel, “going to college did not mean graduating with debt.” Today, higher education has become a consumer product — costs have skyrocketed, saddling students with a combined debt of over $1 trillion, while universities and loan companies make massive profits. In this TED Talk, Samuel, a professor of accounting at the Smeal College of Business at Penn State University, talks about how college loans exploit students for profit and then proposes a radical solution: link tuition costs to a degree’s expected earnings, so that students can make informed decisions about their future, restore their love of learning and contribute to the world in a meaningful way.

WEAC and the NEA have been strong supporters of policies to reduce the student debt burden. Read more HERE and visit the NEA’s Degrees Not Debt page.