Why Do Students Have So Much Debt?

The video explores the history and current state of student loan debt in the US. It begins with an overview of tuition costs and how students finance their education through scholarships, grants, and loans. The history of student loans is traced from the G.I. Bill to the National Defense Education Act and the Higher Education Act. Rising education costs are discussed, highlighting factors like inflation and infrastructure improvements. Government responses to loan defaults, such as Pell Grants and Sallie Mae, are examined. The video also explains different types of student loans, including subsidized, unsubsidized, and PLUS loans. Finally, it addresses the current debt situation and movements like the Occupy student debt campaign.

What new insight or understanding did you gain from this video?