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risen more than 400% over ever the last 30 years. things sure have changed. take baby boomers. many were the first in their family to go to college. right? well, today their children and grandchildren may told a degree but it comes at a steep price and they re still looking for a job. student loan debt stands at $865 billion, topping credit card debt for the first time. let s bring in ryan mack, president of optimum capital management, and from austin, and aaron smith, co-founder of the group called yun invincible, a non-partisan organization based on issues facing young americans and a cnn.com contributor. aaron, it s your generation. millennials, ages 18 to 30. how do they feel about this shifting, this shifting situation for education? it costs more. you re not guaranteed a job but you know you need it. there s tremendous concern out there. we know that as young americans that we need that education to get ahead. there s huge benefits from getting a college degree, ....
the last 30 years. things have sure changed. take baby boomers. many of them were the first to go to college, right? today their children and grandchildren may hold a degree, but it comes at a steep price and they re still looking for a job. student loan debt now stands at $865 billion, topping credit card debt for the first time. let s bring in ryan mack, president of optimum capital management, john doggett, professor at the university of austin. and an organization focused on issues facing young americans and rubin navarrette, individuals 18 to 30, how do they feel about the shifting situation for education? it costs more. you re not guaranteed a job, but you know you need it. there s tremendous concern out there. we know that as young americans, we need that education to get ahead. there s huge benefits from getting a college degree, but as you mentioned, the price of going to college is going up faster than inflation and going up faster than healthcare. yeah. ....
Guarantees of these such loans since 2007 to $865 billion. the department of veterans affairs insures about $200 billion in these kinds of loans. and finally, guarantee programs at the department of agriculture have nearly tripled to 47 billion. all of this is on top of the 5 trillion or so in mostly standard loans, you know the ones with 20 percent down, owned or insured by the failed mortgage giant fannie mae and freddie mac, the treasury department has already pumped $145 billion into them because of rising defaults and foreclosures, some housing analysts worry the fha, v.a., and usda may be next, shannon. shannon: peter barnes, thank you very much for the upday. we re going to go live now to the white house briefing where we understand that press secretary robert gibbs is talking about the wickileaks situation. let s listen? based on what we ve seen, i don t think that what is being reported has in many ....
Such loans to $865 billion. the department of veterans affairs provides loans at nothing down to mostly veterans, it insures insures about $2 billion in loans. the department of agriculture, zero down loans for rural home buyers have nearly tripled to $47 billion. now, all of this is on top of the 5 trillion or so, in mostly standard loans with 20 percent down, insured by fannie mae and freddie mac and as you ll recall the treasury department has pumped $145 billion into them because of rising defaults and foreclosures. some housing analysts worry the fha, va and usd programs may be next in line for taxpayer billions. we get any number of things that trigger high default rates, and the risk on those loans is entirely with the federal government. it s inevitable that a government insurance program is going to hit the wall at some point. ....
But it s not concentrating on his own job. that s not the way i would put it. eric: isn t that what he is doing? greg: waiters to serve the people that are there. and for bob: it s more money to run over mitt romney with. andrea: earlier in the segment you said he doesn t have a jobs plan and not bob: he doesn t. andrea: what is president obama s job plan? bob: it s on capitol hill. they won t pass it. infrastructure bill. andrea: pay troll bob: no. infrastructure. to put people back to work. your republicans keep saying let the free market handle this thing. the free market is making bloodals of money but not doing anything making oodles of money but not doing anything. it s unheard of. andrea: blame it on greece. eric: what you said earlier, hand me the shovel, right? bob: yeah. eric: when you dig a hole, hand me the shovel in obama spent $865 billion with that jobs plan that didn t work. bob: saved the treasury. so i put another $1 trillion ....