Some say you cannot put a price on education. But many people who face mounting student loan debt might have a different view. WBFO's Nick Maxwell takes a closer look at an issue that continues to receive nationwide attention.
Listen to a student and a credit counselor discuss what some call a college debt crisis.
President Obama signed an executive order Monday allowing borrowers to cap their student loan payments at 10 percent of their income. U.S. Senator Charles Schumer says the action will help relieve the debt burden for hundreds of thousands of New Yorkers.
U.S. Senator Kirsten Gillibrand is calling for passage of a bill that would allow college graduates to refinance student loans at a lower rate. The national student loan debt is at roughly $1.2 trillion, surpassing auto loan and credit card debt.