A new report by the Brookings Institution predicts a future default crisis that would turn the U.S. economy upside down. Lisa Rowan, Writer at The Penny Hoarder, joins Your Cheddar to discuss the findings of this study.
By 2023, the cumulative student loan default rate will top 40%. Right now it's around 25%. Rowan explains how it will reach 40% in only six years. She also talks about the difference between public schools and for-profit schools.
Plus, the study suggests that the default rate for African Americans is at an extraordinarily high rate. By 2023, the default rate for black borrowers who started college in 2003-04 is projected to hit 73.3%. Rowan says this is largely due to a labor market that's less favorable to these graduates.
Bob Sallmann, CFO of McGraw Hill, breaks down the quarter’s standout performance, digital expansion, and how AI tools are driving education innovation.
Daniel Desrochers, International Trade Reporter at POLITICO, joins us to break down the ruling, the billions at stake, and what it means for consumers.
With smart cameras playing a major role in the Nancy Guthrie case, Ring founder Jamie Siminoff addresses data security and privacy after that Super Bowl ad.
