Why Americans Will Get Less Help Paying for College
7/1/202630 min
As the cost of higher education has soared in recent decades, universities have attracted more scrutiny about the value of a four-year degree.
Now, the Trump administration is taking those questions to the next level with a set of policies that scales back the federal government’s student loan program.
Ron Lieber, who writes about personal finance for The New York Times, explains what the new changes are, and how they might reshape higher education in America.
Guest: Ron Lieber, the Your Money columnist for The New York Times, writes about everything from retirement savings and college tuition to credit reports and taxes.
Background reading:
- Parents and graduate students have new loan limits. Who will fill the gap?
- What the new loan caps will mean for grad students this fall.
Photo: Rachel Woolf for The New York Times
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Clips
Transcript preview
First 90 secondsSpeaker 10:00
With no fees or minimums on checking accounts, it's no wonder the Capital One Bank guy is so passionate about banking with Capital One. If he were here, he wouldn't just tell you about no fees or minimums. He'd also talk about how Capital One Cafes are open seven days a week to assist with your banking needs. Yep, even on weekends. It's pretty much all he talks about, in a good way. What's in your wallet? Terms apply. See capitalone.com/bankguy. Capital One NA, member FDIC.
Rachel Abrams· Host0:28
[upbeat music] From The New York Times, I'm Rachel Abrams, and this is The Daily. Today, as the cost of higher education has soared in recent decades, universities have attracted more scrutiny about the value of a four-year degree. Now, the Trump administration is taking those questions to the next level with a new set of policies that scale back the federal government student loan program. Today, I talk to my colleague, Ron Lieber, who writes about personal finance, about what these new changes are and how they might reshape higher education in America. It's Wednesday, July 1st. So Ron, we have talked a lot on the show about how the administration has really focused on higher education. There have been