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Transcripts for CNN Rescuing the River A CNN Heroes Special 20141206 05:57:00

ending up at $106,000 in interest alone. you re going to be saddled with that debt and ballooning balance until the day that you die. that s the kind of garbage our government is playing with our young people. the government will make $184 billion in profits over the next ten years. all those profits made off the backs of our kids who are trying to get an education. i think this whole system stinks. what do we want? education! when do we want it? now! what do we want? education! when do we want it? now! we cannot continue to treat student loan debt as an individual issue. we must realize that as a society we cannot keep every generation in debt. once you hit $50,000 in debt, you need to pause and take a look at the value of the

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Transcripts for CNN Rescuing the River A CNN Heroes Special 20141206 05:58:00

education you re ging. you don t want to incur debt that stops you from investing in family formation, houses, cars and children down the road. the vl of my education is priceless, but the value of my education is also not $140,000 in debt. if i do ever have kids and get private loans, they ll be directly passed to them, even if i die. it s just siphoning my dreams away. and i feel bad talking about any dreams that i have these days a because there s always this talk that generation y is so entitled and selfish just for wanting the opportunities that their parents had. a lot of the older generations that criticize the millennials grew up in a time when you could go to a sate university and pay your way through with summer jobs. these millennial children them got to college and realized oh, the money is not there to pay for me. i m not going to be able to graduate into a cushy job. and, in fact, everything i was

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Transcripts for CNN Rescuing the River A CNN Heroes Special 20141206 06:22:00

really isn t about whether education is free. it s really a debate about who can and who is willing to pay for it. there s nothing really free in life. please join me in welcoming the president of the cooper union. [ applause ] it is with awe and humility that i stand before you to honor our students. to our graduating students, congratulations. you have distinguished yourself beyond imagination. you ve distinguished yourselves

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Transcripts for CNN Rescuing the River A CNN Heroes Special 20141206 06:17:30

Transcripts for CNN Rescuing the River A CNN Heroes Special 20141206 06:17:30
archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.

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Transcripts for CNN Rescuing the River A CNN Heroes Special 20141206 06:08:00

aren t sure about the layout of a lot of money. is my daughter going to have a job or is she going to come home after it s all done? is your daughter going to have a job and not come back home? i can t tell you that. the time to be defensive about education is not now. this is the time to be aggressive about a broadly-based, intensely personal and intensively practical form of education, whatever school you go to, and it is expensive. i know, i don t have to tell you parents here. we re definitely ensconced in this view that there s only one way to go to college, and that s the four-year, private school where your kids live in dorms with their friends and have all their meals taken care of and someone cleaning the bathroom. i m amply stressed about the college search to come. if you look directly that way, that is the new one world trade building they re building. all the parents i know, their

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