College Debt Explained: Education Pays When Students Choose Wisely

Share on Facebook
Share on Twitter
Share on
LinkedIn
+

Hubwonk host Joe Selvaggi talks with American Enterprise Institute resident fellow and education economist Beth Akers about the American student debt crisis (totalling $1.6 trillion). They explore who borrows, who is in debt, and which policy choices might best serve the financial needs of every student.

Related: The Boston Globe op-ed: “A Truly Progressive Student Loan Policy”

Guest:
Beth Akers is an economist focusing on the labor market and higher education. She is currently a resident fellow at the American Enterprise Institute. Previously, she was a senior fellow at the Manhattan Institute for Policy Research, a fellow at the Brookings Institution and a staff economist with the Council of Economic Advisors under President George W. Bush. Akers is the author of Making College Pay: An Economist Explains How to Make a Smart Bet on College and coauthor of Game of Loans: The Rhetoric and Reality of Student Debt. Her writing and research have been featured in, among others, The New York Times, USA Today, The Wall Street Journal, The Washington Post, Bloomberg, Quartz, Newsweek, and The Hill. She has appeared on CNBC, ABC News, Bloomberg TV, C-SPAN, among other TV and radio networks. Akers received a B.S. in mathematics and economics from SUNY Albany and a Ph.D. in economics from Columbia University.

Get new episodes of Hubwonk in your inbox!

Recent Episodes:

Forsaking Massachusetts’s Miracle: Risking Our Future With Past Mistakes

This week on Hubwonk, host Joe Selvaggi talks with Greg Sullivan, Research Director at Pioneer Institute and author of Back to Taxachusetts?, about the link between Massachusetts’s decision to reduce tax rates and a generation-long economic renaissance - and the reasons why new taxes such as the proposed, so-called "Fair Share Amendment" risk taking us back to economic stagnation or decline.  

Doctors With Borders: Curing Shortages With International Lifeline

This week on Hubwonk, host Joe Selvaggi talks with Cicero Institute’s Jonathan Wolfson about the growing doctor shortage and the potential to alleviate the crisis by tapping the global supply of well-trained physicians eager to find safety and freedom in the US.

Progressive Policy Study: Californians Dreamin’ While Jobs and People Leavin’

Hubwonk host Joe Selvaggi talks with California Policy Center president Will Swaim about how the state’s ambitious policies have combined to stick its residents with the highest cost of living and a tax regime that discourages investment, innovation, and its vital entrepreneurial class.

Student Debt Cancellation: Paying For Your Neighbors’ College Education

Hubwonk host Joe Selvaggi talks with education financing expert Mark Kantrowitz about the $1.6 trillion in U.S. public student debt - who owes it, who stands to benefit from the Biden administration's recent promise for across-the-board student debt reductions, and what strategies are available to target only those most in need.

Invisible Hand Revealed: Economic Lessons in Everyday Life

Hubwonk host Joe Selvaggi talks with Matthew Hennessey, Wall Street Journal editor and author of Visible Hand, A Wealth of Notions on the Miracle of the Market, about how the principles of economics manifest themselves in our every day lives and how we can use that insight to better understand our personal and civic choices.

Zoning Reform Revisited: Local Control Determines How, Not If, Housing Gets Built

Hubwonk host Joe Selvaggi talks with Pioneer research associate Andrew Mikula about the need for affordable housing near the mass transit network and the requirements and local design opportunities of the 3A zoning reform law. Read Pioneer Institute's recent public comment on this topic.

Pharmacy Benefit Profiteers: Distortions and Costs of Half-Trillion Dollar Drug Middlemen

Hubwonk Host Joe Selvaggi talks with ALVA10 Chief Executive Hannah Mamuszka and Dr. Blake Long about the perverse incentives imposed by Pharmacy Benefit Managers adding nearly $500 billion to U.S. drug costs.

Ascending Justice: Where Judge Ketanji Brown Jackson Will Fit in New Court

Hubwonk host Joe Selvaggi talks with constitutional scholar Ilya Shapiro about Judge Ketanji Brown Jackson’s nomination hearings and what her background and responses reveal about her views on the Constitution, the role of the Supreme Court, and her likely judicial positions relative to her fellow justices.

Exploiting Charity Drugs: Hospital Program Earns Billions But Forgets Mission

Hubwonk host Joe Selvaggi talks with Pioneer Institute’s Dr. Bill Smith about his recently released paper entitled, "340B Drug Discounts, An Increasingly Dysfunctional Federal Program," which analyzes the evolution of a well-intentioned program to offer discounted drugs to the uninsured from a benefit that had helped charitable hospitals to one that has exploded to generate billions in profits while serving fewer uninsured.

Rent Control Redux: Mayor’s Committee Likely to Provide Astroturf Over Expertise

Hubwonk host Joe Selvaggi talks with Doug Quatrocchi, executive director of Masslandlords.net about the historical effects of rent control in Boston and Cambridge in the past and discuss the gap between the stated goals and the likely outcome of Boston Mayor Wu’s 25 member Rent Stabilization Advisory Committee.