90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Joseph Stiglitz On Student Debt And The American Dream

Nobel-prize winning economist Joseph Stiglitz on how student debt is crushing the American dream, and what to do about it.

Graduates from various institutions take part in the Toss Your Caps: Philly Graduates College photo opportunity on the steps of the Philadelphia Museum of Art Friday, May 20, 2011, in Philadelphia. (AP)

Graduates from various institutions take part in the Toss Your Caps: Philly Graduates College photo opportunity on the steps of the Philadelphia Museum of Art Friday, May 20, 2011, in Philadelphia. (AP)

It’s cap and gown time all over the country.  And since it’s this country, that means a lot of new young college graduates graduating with a lot of debt.  $26,000 on average now for student loan borrowers.  In total, more than a trillion dollars in student debt.  Famously more student debt now in this country than credit card debt.

Nobel prize-winning economist Joseph Stiglitz says this isn’t just an astonishing number.  It’s a real drag on the US economy, and a real promoter of US inequality.  It’s got to change, he says.

This hour, On Point:  Nobel laureate Joe Stiglitz on student debt in America.

- Tom Ashbrook

Guests

Tamar Lewin, higher education reporter for the New York Times. (@tamarnyt)

Joseph Stiglitz, Nobel-Prize-winning economist. University Professor at Columbia University and Co-Chair of Columbia University’s Committee on Global Thought. His recent op-ed in the New York Times was, “Student Debt and the Crushing of the American Dream.”

Closing Segment

A selection from Annie Lennox’s commencement address at the Berklee College of Music in Boston.

From Tom’s Reading List

The New York Times: Student Debt and the Crushing of the American Dream — “The crisis that is about to break out involves student debt and how we finance higher education. Like the housing crisis that preceded it, this crisis is intimately connected to America’s soaring inequality, and how, as Americans on the bottom rungs of the ladder strive to climb up, they are inevitably pulled down — some to a point even lower than where they began.”

Time: Elizabeth Warren: Students Should Get the Same Rates as the Bankers — “Consumer protection maven Sen. Elizabeth Warren, D-Mass., introduced her first piece of legislation this week, a proposal that would allow students to take out government educational loans at the same rate that big banks pay to borrow from the federal government.”

The Huffington Post: Obama Student Loan Policy Reaping $51 Billion Profit —  “The Obama administration is forecast to turn a record $51 billion profit this year from student loan borrowers, a sum greater than the earnings of the nation’s most profitable companies and roughly equal to the combined net income of the four largest U.S. banks by assets.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
Mar 6, 2015
Israeli Prime Minister Benjamin Netanyahu waves as he speaks before a joint meeting of Congress on Capitol Hill in Washington, Tuesday, March 3, 2015. Since Republicans took control of Congress two months ago, an elaborate tug of war has broken out between GOP lawmakers and Obama over who calls the shots on major issues for the next two years. (AP)

Netanyahu’s speech. Hillary Clinton’s email. Obamacare back at the high court. A stunning start to the Boston Marathon bombing trial. Our weekly news roundtable goes behind the headlines.

Mar 6, 2015
"The Sellout" is novelist Paul Beatty's new book. (Courtesy Farrar, Strauss & Giroux)

Author Paul Beatty’s novel “The Sellout” is a satirical look at race relations in America. He joins us.

RECENT
SHOWS
Mar 5, 2015
One in four women use psychiatric medication. The reasons for the medication aren't always so clear. (Flickr)

Are American women being prescribed psychiatric drugs – anti-depressants, anti-psychotics — for normal emotions? We’ll hear out one psychiatrist’s bold claim.

 
Mar 5, 2015
A car passes a memorial for Michael Brown, who was shot and killed by Ferguson, Mo., Police Officer Darren Wilson last summer, Tuesday, March 3, 2015, in Ferguson. A Justice Department investigation found sweeping patterns of racial bias within the Ferguson police department, with officers routinely discriminating against blacks by using excessive force, issuing petty citations and making baseless traffic stops, according to law enforcement officials familiar with the report.  (AP)

The big Justice Department report finds a pattern of racial bias in the Ferguson Police Department. Now what? We’re back in Ferguson – and beyond — for answers.

On Point Blog
On Point Blog
Our Week In The Web: March 6, 2015
Friday, Mar 6, 2015

Weasels, woodpeckers and a whole bunch of sassy McCall’s dress patterns. Oh, and thoughts on the provenance of caller and guest quotes when and where we post them.

More »
Comment
 
Answers To Your Questions On Black Holes
Tuesday, Mar 3, 2015

Yale University’s Priyamvada Natarajan answers your black hole questions in full. (Well, most of them.)

More »
Comment
 
Want To Listen To Lead Belly? Here’s Where To Start
Monday, Mar 2, 2015

Loved our show on Lead Belly, but unsure on where you should start to listen? Jeff Place of the Smithsonian Center for Folklife and Cultural Heritage offers his best picks for a beginning Lead Belly listener.

More »
Comment