The Snowball Effect of Student Debt (Encore)

Access and Opportunity

As of 2021, $1.7 trillion in student loan debt is collectively owed by 45 million borrowers. On this episode, we learn about the size and scope of the student debt crisis and how borrowers, educators and policy makers can help stem this growing figure. We hear from entrepreneur Farrukh Siddiqui about his company, Defynance, which works with former students to pay off their loans and replace them with income share agreements. Then, host Carla Harris sits down with Betsy Mayotte, the president and founder of The Institute of Student Loan Advisors. Betsy shares her insights on the student debt crisis and discusses how access to free, neutral and clear student loan advice can empower borrowers to make informed decisions when it comes to financing their education.

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